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When a firm acquires a long-lived asset such as equipment, if the tax law allows it managers would generally prefer to ________. A. take no
When a firm acquires a long-lived asset such as equipment, if the tax law allows it managers would generally prefer to ________.
A.
take no deduction at all for the cost of the equipment
B.
immediately take a deduction for the full cost of the asset when it is purchased
C.
depreciate the equipment over a short life
D.
depreciate the equipment over a long life
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