Firms should use the most accelerated depreciation scheme allowable.

Name: Firms should use the most accelerated depreciation scheme allowable.
Brand: Quizplus
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Quizplus · Accepted Answer

Accelerated depreciation schemes allow firms to depreciate assets faster, reducing taxable income and therefore lowering tax liability in the short term. Therefore, it is generally advantageous for firms to use the most accelerated depreciation scheme allowable under tax law.

Firms Should Use the Most Accelerated Depreciation Scheme Allowable