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I am taking a taxation class and need help answering my discussion question. The chapter that we are covering is Property Acquisition and Cost Recovery.
I am taking a taxation class and need help answering my discussion question. The chapter that we are covering is Property Acquisition and Cost Recovery. The question is: What would a company owner consider when deciding whether to use the cash or accrual method of accounting for tax purposes? What are the pros and cons for each method? The answer doesnt have to be very long, maybe page in length. Thank you
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