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1. After learning about depreciation, which is a non-cash expense, how does the method used affect income taxes, and why is this important from an
1. After learning about depreciation, which is a non-cash expense, how does the method used affect income taxes, and why is this important from an economic analysis perspective?
2. In your own words, what is inflation, what is a sign of inflation, and how does inflation affect risk?
3. What is purchasing (or buying) power, and how does inflation affect it?
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