Question 16 2 pts Most companies use accelerated depreciation for tax purposes because it 1 taxable income due to depreciation expense in the years of an asset's life. Which of the numbered item choices best completes the above statement? 1. reduces; 1. reduces; 2. lower: 2. higher; 3. early 3. later 1. increases; 2. higher; 3. early 1. reduces: 2. higher; 1. increases; 2. lower; 3. early 3. early