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L'amortissement, l'inflation et le remplacement d'actifs

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  • GIORA MOORE

Abstract

Résumé. Cet article examine les conséquences de l'amortissement, de l'impôt et de l'inflation sur le choix du moment optimal du remplacement d'actifs, conformément au régime fiscal canadien. Les résultats importants dégagés sont à l'effet qu'un accroissement du taux d'allocation du coût en capital retardera (devancera) le remplacement d'immobilisations pour des niveaux faibles (élevés) de taux d'allocation du coût en capital, et qu'un accroissement du taux annuel d'inflation retardera (devancera) le remplacement d'immobilisations pour des niveaux faibles (élevés) d'inflation. Les applications du modèle de remplacement sont présentées au moyen d'exemples numériques.

Suggested Citation

  • Giora Moore, 1987. "L'amortissement, l'inflation et le remplacement d'actifs," Contemporary Accounting Research, John Wiley & Sons, vol. 3(2), pages 384-393, March.
    • Handle: RePEc:wly:coacre:v:3:y:1987:i:2:p:384-393
    DOI: 10.1111/j.1911-3846.1987.tb00645.x
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    1. Auerbach, Alan J, 1979. "Inflation and the Choice of Asset Life," Journal of Political Economy, University of Chicago Press, vol. 87(3), pages 621-638, June.
    2. Nelson, Charles R, 1976. "Inflation and Capital Budgeting," Journal of Finance, American Finance Association, vol. 31(3), pages 923-931, June.
    3. Hawkins, C. A. & Leggett, D. N., 1983. "The investment tax credit in capital replacement: A simulation," Journal of Accounting and Public Policy, Elsevier, vol. 2(3), pages 167-187.
    4. Brenner, Menachem & Venezia, Itzhak, 1983. "The Effects of Inflation and Taxes on Growth Investments and Replacement Policies," Journal of Finance, American Finance Association, vol. 38(5), pages 1519-1528, December.
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