THE ACCOUNTANT, THE FINANCIAL MANAGER AND THE TAX OFFICIALS CONCEPTION OF DEPRECIATION AND CAPITAL ALLOWANCES IN BUSINESS OPERATION.

ABSTRACT The research work attempts to determine the nature and purpose of depreciation and capital with respect to long use assets of enterprises and organizations and determining ways of optimizing these purposes for the benefit of these enterprises and organization. The research study will be of benefit to enterprises and organization that have standing depreciation policies as it provides recommendations on how to improve on these policies and other enterprises that do not have any depreciation policy apparently because they do not have the where withal or have not grasp the purposes and role of depreciation with respect to long use asset and profit recognition. A write-up has been done in chapter 2 to illustrate the calculation and other accounting treatment of selected depreciation method and capital allowances for the benefit of enterprises and or persons who may not have had a proper understanding of them. The research study was carried out in Enugu and its environ and may move appropriately reflect the trend in Nigeria. The problems identified and recommendations made may not have been one hundred percent exhaustive.
TABLE OF CONTENT TitleII Approval pageIII DedicationIV AcknowledgementV AbstractVII Table of contentIX
CHAPTER ONE 1.0Background of the study1 1.1Statement of the problem4 1.2Purpose of the study5 1.3Significance of the study6 1.4Scope and limitation7 1.5Definition of term used8
CHAPTER TWO 2.0Related literature review11 2.1Nature , history and development of accounting13
CHAPTER THREE 3.0Summary 3.1Conclusion24 3.2Recommendation25 3.3Bibliography26