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A company has fixed assets expected to last 5 years. It currently depreciates fixed assets over 3 years. Which of the following would occur if

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A company has fixed assets expected to last 5 years. It currently depreciates fixed assets over 3 years. Which of the following would occur if a tax law change forced the company to depreciate its fixed assets over 5 years instead? (Consider the effect of the company's current assets exclusively.) A. The company's total tax payment over five years would increase. B. The company's total tax payment over five years would decrease. C. The company's total net income over five years would increase. D. The company's total net income over five years would decrease. E. Reported net income would decrease in years 1-3 and increase in years 4-5. F. Reported net income would increase in years 1-3 and decrease in years 4-5

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