Question: The Internal Revenue Code (IRC) has useful life ranges for these types of assets. Research the IRC useful life ranges for the assets you identified

The Internal Revenue Code (IRC) has useful life ranges for these types of assets. Research the IRC useful life ranges for the assets you identified in Question 1, and compare the useful life of both Kellogg's and Kraft'slong-lived assets to the IRC ranges. Do you think depreciation would be higher or lower based on using the useful life of the IRC? You can make the assumption on any of the depreciation methods allowed by the IRC

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