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Assume that a company currently depreciates its fixed assets over 5 years. Which of the following would occur if a tax law change forced the

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Assume that a company currently depreciates its fixed assets over 5 years. Which of the following would occur if a tax law change forced the compary to depreciate its fixed assets over 7 years instead? Assume no other changes to the company in determining your answer. The company's tax payment would increase. The company's cash position would increase The company's net income would decrease. none of the above

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