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PDQ Inc., a highly levered firm, recently switched to accelerated depreciation. This move didn't increase their net income or their stock price, however. Why not?

PDQ Inc., a highly levered firm, recently switched to accelerated depreciation. This move didn't increase their net income or their stock price, however. Why not? Be precise.

What is the connection between PDQs capital structure and why accelerated depreciation did not work?

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