A friend owns and operates her own business and is concerned about completing her tax return. She

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A friend owns and operates her own business and is concerned about completing her tax return. She owns several assets and uses straight-line depreciation for business purposes. She intended to use straight-line depreciation for tax purposes also, but recently heard about another method called MACRS. She has asked for your advice on which method to use on her tax return. Write a brief memo recommending a depreciation method and explaining why you believe it should be used.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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