NovAccess Global Inc (XSNX): 4ever, depreciation is a tax credit dire...

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Re: xsnx4ever post# 6099

Friday, 09/05/2014 12:37:58 PM

Friday, September 05, 2014 12:37:58 PM

4ever, depreciation is a tax credit directly against the cost of the system . It is usually applied under the MACRS 5-year schedule. You are correct that the customer must have tax liability in order to use the credits, but most of our customers are looking for exactly this type of incentive.

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