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Timberly Construction makes a lump-sum purchase of several assets on January 1 at a total cash price of $820,000. The estimated market values of the purchased assets are building. $448,500; land, $282,750; land improvements, $39,000; and four vehicles, $204,750.

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4. Compared to straight-line depreciation, does accelerated depreciation result in payment of less total taxes over the asset's life?

Is tax payment less under accelerated depreciation?