Which depreciation method is generally preferable for income tax purposes? Why? a. Straight-line, because it is simplest

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Which depreciation method is generally preferable for income tax purposes? Why?

a. Straight-line, because it is simplest

b. Units-of-production, because it best tracks the asset’s use

c. Double-declining-balance, because it gives the most total depreciation over the asset’s life

d. Double-declining-balance, because it gives higher depreciation deductions in earlier years

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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