Minimum Tax, Recapture and Choice of Depreciation Methods*
研究了加速折旧可能带来的最低税后果、超额折旧追回与折旧方法选择之间的权衡，通过模拟发现高边际税率、长持有期和高折现率下应选加速折旧法。
This paper examines the problem of the trade‐off between the possible minimum tax consequences of accelerated depreciation, the recapture of excess depreciation, and the choice of depreciation methods for maximizing investor wealth. The model is simulated for various ranges of the inputs to which the depreciation selection decision is sensitive. The results indicate that for high marginal tax rates, reasonably long holding periods, and reasonably high discount rates, the investor should select the accelerated methods after considering the minimum tax and recapture consequences.