The U.S. tax laws provide for the depreciation of equipment based on original cost. Yet owing to

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The U.S. tax laws provide for the depreciation of equipment based on original cost. Yet owing to substantial inflation, the replacement cost of equipment is often much greater than the original cost. What effect, if any, does this have on a firm's ability to buy new equipment to replace old equipment?
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Engineering Economic Analysis

ISBN: 9780195168075

9th Edition

Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle

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