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If DeLeon starts depreciating fixed assets over 7 years, would that affect (1) the physical stock market, (2) the balance sheet account for fixed assets,
If DeLeon starts depreciating fixed assets over 7 years, would that affect (1) the physical stock market, (2) the balance sheet account for fixed assets, (3) the companys reported net income, and (4) the companys cash position? Assume that the same depreciation method is used for stockholder reporting and for tax calculations and that the accounting change has no effect on assets physical lives.
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