![What is meant by capital consumption allowance? What is meant by capital consumption allowance?](https://digitalteachers.co.ug/wp-content/uploads/2022/09/Bbosa-Science.png)
What is meant by capital consumption allowance?
Capital consumption allowance refers to the amount of money deducted or put aside for the purpose of recovering the depreciation of assets that occur during the production process.
Or
Capital consumption allowance (CCA), sometimes referred to as depreciation, is the amount of money a country/firm has to spend each year to maintain its present level of economic production.
CATEGORIES Economics
TAGS Dr. Bbosa Science