Your non profit has a policy to depreciate all office furniture and fixtures using a 10-year life.

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Your non profit has a policy to depreciate all office furniture and fixtures using a 10-year life. You are considering reducing the estimated life to 8 years. On reducing the estimated life of the assets ,how the followings accounts will affect?

Net Income to (increase / decrease / no impact):______

Cash Flow to (increase / decrease / no impact) :______

taxes to (increase / decrease / no impact):_____

Related Book For answer-question

Principles Of Managerial Finance

ISBN: 978-0136119463

13th Edition

Authors: Lawrence J. Gitman, Chad J. Zutter

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Posted Date: Apr 18, 2023 06:40 AM

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Your non profit has a policy to depreciate all office furniture and fixtures using a 10-year life.

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Reducing the estimated life of the assets will affect the following accounts in the following ways N... View the full answer

Principles Of Managerial Finance

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