An accelerated system of depreciation is often used for income tax purposes but not for financial reporting.

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An accelerated system of depreciation is often used for income tax purposes but not for financial reporting. Why?

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Financial Reporting And Analysis Using Financial Accounting Information

ISBN: 139

12th Edition

Authors: Charles H Gibson

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Question Posted: Jun 22, 2012 08:58 AM

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An accelerated system of depreciation is often used for income tax purposes but not for financial reporting.

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A firm will often want to depreciate slowly for the fina...View the full answer

Financial Reporting And Analysis Using Financial Accounting Information

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