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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