What is an afskrivning (depreciation)?

In short

An afskrivning spreads the cost of a larger asset (e.g. a machine or car) over several years instead of deducting it at once.

In practice

Small purchases below an annually adjusted limit can be expensed immediately in the purchase year. Your bookkeeper picks the right treatment per purchase.

Go deeper: Deductions in a sole proprietorship: what you can write off

Related terms

• Fradrag (tax deduction)
• Aktiver (assets)
• See every term in the dictionary

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