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Nancy Brown, the president of VQ Enterprises is proposing the following amortization policy for property, plant and equipment: I (Nancy) want to keep things
Nancy Brown, the president of VQ Enterprises is proposing the following amortization policy for property, plant and equipment: " I (Nancy) want to keep things simple and minimize the deferred tax liabilities. I propose we use the CCA rate for declining - balance depreciation for all of our assets. These are the tax rules! I know that the equipment will last a longer period of time, but I prefer the fast write-off to be conservative. Question: Is this depreciation policy acceptable? Write a memo to the president explaining your position
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