Under tax depreciation,estimated useful life and residual value must be strictly adhered to.

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Under tax depreciation, estimated useful life and residual value are not strictly adhered to, as the tax laws allow for certain flexibility and adjustments in order to encourage businesses to invest in assets and stimulate economic growth. This can include using accelerated depreciation methods or modifying estimated useful life and residual value to better reflect the actual usage and value of the asset.

Under Tax Depreciation,estimated Useful Life and Residual Value Must Be