Final answer:
In general, Oregon is not the same as federal for depreciation of assets.
Step-by-step explanation:
False
In general, Oregon is not the same as federal for depreciation of assets.
Depreciation of assets refers to the decrease in value of an asset over time due to wear and tear, obsolescence or other factors. While the federal government has specific rules and guidelines for depreciating assets, each state may have its own regulations and methods for depreciation
For example, Oregon has its own tax laws and regulations regarding depreciation of assets for state tax purposes. These may differ from the federal rules and could include different rates, methods, or criteria for depreciating assets.