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An accounting concept that allows a firm to change the value of assets as they are...

An accounting concept that allows a firm to change the value of assets as they are used, in order to gain a tax advantage is: Equitization B. Account payable . Depreciation Capital expense

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Answer #1

The answer is Depreciation Capital Expense

The reason is

Depreciation is an accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy. Depreciation represents how much of an asset's value has been used up. Depreciating assets helps companies earn revenue from an asset while expensing a portion of its cost each year the asset is in use. If not taken into account, it can greatly affect profits.

Businesses can depreciate long-term assets for both tax and accounting purposes. For example, companies can take a tax deduction for the cost of the asset, meaning it reduces taxable income.

Hence the Depreciation Capital Expense has a tax advantage

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