It is neither legal nor ethical to use one method of depreciation for financial purposes and another method for tax purposes.
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Q65: The use of the straight-line method of
Q91: Under the MACRS depreciation method, automobiles and
Q92: 1.method of depreciation?
A)$43,225
B)$47,017
C)$41,333
D)$38,000
Q94: Revising depreciation estimates does not affect the
Q95: 1.method of depreciation?
A)$80,000
B)$96,000
C)$104,000
D)$164,000
Q98: A revision of an estimate which will
Q98: 1.method of depreciation?
A)$96,000
B)$49,500
C)$51,500
D)$53,625
Q99: 1. method of depreciation?
A)$62,400
B)$88,000
C)$96,000
D)$104,000
Q100: GAAP determines the depreciation method used for
Q101: 1.method of depreciation.
A)$7,500
B)$9,000
C)$14,444
D)$21,666
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