REGULATIONS CONCERNING TERMINOLOGY, FORMS AND METHODS OF PREPARATION OF FINANCIAL STATEMENTS, ETC. Copyright Roderick Seeman

Article 25. Indications of accumulated depreciation Accumulated depreciation for buildings structures, machinery and equipment, vessels, and autos and trucks, other land transport, tools, furniture and fixtures or other tangible fixed assets other than in those situations based on the provisions of the following Article must be entered as an accumulated depreciation item as a deduction item for each of the said asset items. However, this shall not bar the entry thereof as a lump-sum deduction against these fixed assets.