The deprecation method used by a company for income tax purposes will not normally be the same as the method used for financial reporting.

Name: The deprecation method used by a company for income tax purposes will not normally be the same as the method used for financial reporting.
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Depreciation methods used for income tax purposes and financial reporting may differ due to different accounting rules and regulations, as well as different objectives for each reporting framework.

The Deprecation Method Used by a Company for Income Tax