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That’s depreciation on capitalised assets. Churches would like have very few assets that depreciate apart from buildings.
by hestefisk 6y ago
That’s depreciation on capitalised assets. Churches would like have very few assets that depreciate apart from buildings.
- ajdlinux 6y agoCapital expenses, not depreciating assets. In any case, my broader point is that tax law for businesses and other taxable organisations is not as simple as "we didn't make a profit and therefore pay no tax this year", and therefore as someone who isn't a qualified tax accountant, I can't really say with much accuracy what impact particular changes to tax law are going to have on the overall financial position of an organisation like a church.
- kshacker 6y agoOne of the companies I used to work for - the joke was they are a land acquiring company under the guise of technology. They did tech too and made a lot of money, but they made decent sum from land too. Same may be going on for churches too.