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a. Why do companies use accelerated depreciation for income tax purposes, when the total depreciation taken over the asset's useful life is identical to straight-line

a. Why do companies use accelerated depreciation for income tax purposes, when the total depreciation taken over the asset's useful life is identical to straight-line depreciation? Answer: Question

b. Under what circumstances should a company report goodwill in its balance sheet? what is the effect of goodwill on the income statement?

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