Capital allowances are granted in place of:
Asalaries
Bdepreciation (which is disallowed for tax)CORRECT
Caudit fees
Dinterest
ICANTaxation
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Tax law disallows accounting depreciation but grants statutory capital allowances on qualifying capex.
Want this in Pidgin, Yoruba, Igbo or Hausa? Sign up free →
Practice more Taxation questions
ICAN Taxation has thousands more questions like this — with Worked answers on every one.