Which of the following statements about an NOL deduction is false?
A) A taxpayer who deducts an NOL against taxable income for a previous year receives an immediate benefit in the form of a tax refund.
B) The value of an NOL carryforward deducted next year is more than the value of an NOL carryforward deducted in five years.
C) The value of an NOL carryforward deduction depends on the taxpayer's discount rate and future marginal tax rate.
D) None of the above is false.
Correct Answer:
Verified
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