Which depreciation method would you prefer to use for income tax purposes? Why? a. Straight-line because it

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Which depreciation method would you prefer to use for income tax purposes? Why?

a. Straight-line because it is simplest

b. Units-of-production because it best tracks the asset's use

c. Double-declining-balance because it gives the fastest tax deductions for depreciation

d. Double-declining-balance because it gives the most total depreciation over the asset's life

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Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

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