Not an accountant, might have issues: There are depreciation schedules in taxation that let you offset your tax. To this effect, 100% depreciation would expens

Not an accountant, might have issues: There are depreciation schedules in taxation that let you offset your tax. To this effect, 100% depreciation would expense the item (and thus reduce the taxable income). Because the tax doesn't represent 100% of the value you paid for the item, it doesn't mean that the item no longer with value.