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answer 1-6 please 1. Income taxes usually represent a significant cash inflow. a. True b. False c. Not sure 2. Depreciation is an important element
answer 1-6 please 1. Income taxes usually represent a significant cash inflow. a. True b. False c. Not sure 2. Depreciation is an important element in finding before-tax cash flows. a. True b. False c. Not sure 3. Depreciation is the decrease in value of physical properties with the passage of time. a. True b. False c. Not sure 4. Depreciation is tax deductible. a. True b. False c. Not sure 5. A property is depreciable if a. It is used in business or held to produce income b. It has a determinable useful life, longer than one year. c. It is something that decays, gets used up, or loses value from natural causes. d. All of the above 6. Property is depreciable if it is inventory, stock in trade, or investment property. a. True b. False c. Not sure 1
answer 1-6 please
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