Depreciation Legislation definition
Depreciation Legislation means jointly the Borrower’s Accounting Law of February 8, 1993; Entities Income Tax Law of December 14, 1992; Decree No. 17, of January 30, 1996; Decree No. 8 of January 12, 1994; and the Minister of Finance’s Order No. 40 of March 17, 1995, that: (i) enable BJSC to revalue its assets regularly in line with international accounting standards; and (ii) allow the full deduction for tax purposes of the depreciation provisions resulting from the application of said accounting standards;