Oak View, California. Homefacts City Report. Oak View is located in Ventura County, CA. The population is 4,337. There are 1 public schools in Oak View with an average Homefacts rating of B-. The total crime rate for Oak View is very low, and there are 9 registered sex offenders residing in the city.
If you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.f you do not declare the loss and start making profits several years later and then declare the profit, you will lose out on being able to offset the losses against the profits and hence will pay more tax.
Making the world better, one answer at a time. Profit and loss sheet-show the depreciation for the current year only as an expense. Balance sheet-show the cost price of the asset less any accumulated depreciation from previous years and less the depreciation for the current year.Hope this helps.aking the world better, one answer at a time. Profit and loss sheet-show the depreciation for the current year only as an expense. Balance sheet-show the cost price of the asset less any accumulated depreciation from previous years and less the depreciation for the current year. Hope this helps.