The depreciation permitted for tax purposes is generally:

A) the same as economic depreciation.
B) different from economic depreciation.
C) not tax deductible.
D) tax deductible at the firm's average tax rate.
E) b and d

Economic Depreciation

A decrease in the value of an asset due to changes in market conditions or technology, as opposed to physical wear and tear.

Tax Deductible

Expenses that can be subtracted from gross income to reduce taxable income, effectively lowering the overall tax liability.

Tax Purposes

The reason or objective behind the implementation of taxes or certain tax guidelines, often related to income, business expenses, and investments.