Why is depreciation for income tax purposes an important concern of taxpayers and how does tax depreciation
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Why is depreciation for income tax purposes an important concern of taxpayers and how does tax depreciation differ from financial accounting depreciation?
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For income tax purposes depreciation is a deductible expense Although depreciation expense does not directly affect the cash of the business it does reduce taxable income Therefore most companies woul...View the full answer
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Related Book For 
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1285190907
8th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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