(12A). Which of the following statement completions is NOT CORRECT? For a profitable firm, when MACRS accelerated depreciation is compared to straight-line depreciation, MACRS accelerated allowances produce

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MACRS accelerated allowances may produce higher depreciation charges in the early years of an asset's life (A), larger cash flows in the earlier years of an asset's life (B), smaller accounting profits in the early years, assuming the company uses the same depreciation method for tax and book purposes (D), and lower tax payments in the earlier years of an asset's life (E). However, MACRS accelerated depreciation may not necessarily produce larger total undiscounted profits from the project over the project's life (C).

(12A) Which of the Following Statement Completions Is NOT CORRECT