8 Pages Posted: 6 Jun 2007
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.
Keywords: Taxation, Depreciation, Neutrality, Expenditure
JEL Classification: H20
Suggested Citation: Suggested Citation
Kahn, Douglas A., Accelerated Depreciation Revisited - A Reply to Professor Blum. Michigan Law Review, Vol. 78, p. 1185, 1980. Available at SSRN: https://ssrn.com/abstract=991386