Question

An annual report for FedEx Corporation included the following information:
For financial reporting purposes, we record depreciation and amortization of property and equipment on a straight- line basis over the asset’s service life or the related lease term. For income tax purposes, depreciation is generally computed using accelerated methods when applicable.
Required:
Explain why FedEx uses different methods of depreciation for financial reporting and tax purposes.


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  • CreatedAugust 04, 2015
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