Why is depreciation considered a tax shield?

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Introduction to Finance Markets, Investments and Financial Management

ISBN: 978-1119398288

16th edition

Authors: Ronald W. Melicher, Edgar A. Norton

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Question Posted: Jun 12, 2019 11:25 AM

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Why is depreciation considered a tax shield?

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Its effect is to reduce taxable inco...View the full answer

Introduction to Finance Markets, Investments and Financial Management

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