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In case it's not clear, capex doesn't avoid income (at least not now). Capex is paid for with (after tax) profits, debt or new capital. Of course depreciation will reduce profits in the future, maybe you mean that.

There is a bit of flexibility in when things are expensed, but there are rules. You cannot buy a building and expense it today. On the other hand, you can spend a lot in marketing or some forms of R&D and you have to expense them now (they cannot be capitalised, even though in fact the return on the investment will come in the future).



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