Depreciation tax deductions result in tax savings that partially offset the cost of acquiring the capital asset.

Name: Depreciation tax deductions result in tax savings that partially offset the cost of acquiring the capital asset.
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Depreciation tax deductions allow for a portion of the cost of acquiring a capital asset to be deducted each year from taxable income, which results in lower taxes paid and therefore partially offsetting the acquisition cost.

Depreciation Tax Deductions Result in Tax Savings That Partially Offset