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Need help with explanation on the second dark bullet point. - Based on the annual report for your group's company, what method are they using
Need help with explanation on the second dark bullet point.
- Based on the annual report for your group's company, what method are they using to depreciate plant, property and equipment? Be sure to state your company in your post. - Pinnacle Bank & Trust purchased land and building for a lump 5 um of $2,000.000. The get the maximum tax deduction, Pinnacle allocated 85% of the purchase price to the bulding and 15% to the land. A more realistic allocation would have been 70% to the building and 30% to the land. Explain the tax advantage of allocating too much to the building and too little to the land. Was Pinnacle's allocation ethical? If so, why. If not, why not? Identify who was harmed Step by Step Solution
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