Question: Under what circumstances does a tax shield provide no current benefit to the owner of the asset? What are the primary accounting (not tax) arguments

Under what circumstances does a tax shield provide no current benefit to the owner of the asset?

What are the primary accounting (not tax) arguments in favor of using accelerated depreciation rather than straight-line depreciation?

Might a computer costing $3,000 be appropriately expensed by one corporate owner and appropriately capitalized by another? Explain.

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