Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Cost of inflation to be deducted from profit before tax during low inflation

Showing posts with label Cost of inflation to be deducted from profit before tax during low inflation. Show all posts

Showing posts with label Cost of inflation to be deducted from profit before tax during low inflation. Show all posts

Wednesday 14 April 2010

Cost of inflation to be deducted from profit before tax during low inflation

Deflation is a sustained absolute annual decrease in the general price level of goods and services. Deflation happens when the annual inflat...