Question: The first part of this statement is true. The second part, in bold, may not be. Choose true or false: When selling equipment that is

The first part of this statement is true. The second part, in bold, may not be. Choose true or false: When selling equipment that is not fully depreciated, a company will get a tax benefit if they have a taxable loss from selling that equipment for less than book value. Thus, firms should always use the least accelerated depreciation method possible, to maximize the eventual tax benefit when the equipment is sold. True False
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