Question
1-If your company uses straightline depreciation and you do not plan to change it, how could you minimize your taxable income without changing the method
1-If your company uses straightline depreciation and you do not plan to change it, how could you minimize your taxable income without changing the method you use?
2- Prices usually increase and a company that uses LIFO ends up having more COGS than a company that uses FIFO. Nevertheless, firms could use it for their benefits in the end if they time their moves strategically. What would you say to a manager who uses LIFO and worried about high COGS over several years. How could you convince him that she could also benefit out of his choice? How could he do that?
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