How would you determine which method of depreciation, economic life, and salvage value to use for your
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- How would you determine which method of depreciation, economic life, and salvage value to use for your accounting depreciation for your business automobile?
- Do you agree with the current tax law in that we can use one method of depreciation for our accounting records and another method for our tax return (e.g. S-L for books and D-D for our tax return)? The government's posture is that they allow these book/tax return differences to help stimulate the economy by allowing a larger tax depreciation deduction. Briefly explain your yes or no answer!
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