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The fiscal year ends tomorrow. Why might a company want to take an impairment on its fixed assets today instead of waiting until three days
The fiscal year ends tomorrow. Why might a company want to take an impairment on its fixed assets today instead of waiting until three days from now?
A. to reduce income tax payable for this year
B. because the company expects its income tax rate to be lower next year than this year
C. to increase how much net income improves next year compared to this year
D. All of the above
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