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It has been suggested that the plant and equipment could be replaced more quickly if the depreciation rates for income tax and accounting purposes were

It has been suggested that the plant and equipment could be replaced more quickly if the depreciation rates for income tax and accounting purposes were substantially increased. As a result, business operations would receive the benefit of more modern and more efficient plant facilities. Discuss the merits of this proposition, and answer the following questions.What positive and negative effects can you imagine resulting for businesses from substantially increased depreciation rates? What alternatives would you propose

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