Accelerated Depreciation Revisited - A Reply to Professor Blum
Douglas A. Kahn
University of Michigan Law School
Michigan Law Review, Vol. 78, p. 1185, 1980
Professor Blum's comment addresses the proper or neutral tax treatment to be accorded three of the items discussed in my recent article on accelerated depreciation(Kahn, Accelerated Depreciation: A Proper Allowance for Measuring Net Income?) - namely, annuities, prepaid expenses, and exhaustible assets. Blum disputes my analysis in all three cases. While Blum's article is eminently readable, I do not believe that it refutes my earlier work to any extent. In this reply to Professor Blum, I will deal separately with each of the three items he examines.
Number of Pages in PDF File: 8
Keywords: Taxation, Depreciation, Neutrality, Expenditure
JEL Classification: H20
Date posted: June 6, 2007
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