U.S.corporations are required to use the same method of calculating depreciation on both their income tax return and their annual published financial statements.

Question

Quizplus · Accepted Answer

U.S. corporations are not required to use the same method of calculating depreciation on both their income tax return and their annual published financial statements. They may use different methods for tax purposes and financial reporting purposes.

USCorporations Are Required to Use the Same Method of Calculating