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Which statement is true? A. A company must apply the same depreciation method for book and tax purposes. B. A company must apply different depreciation
Which statement is true?
A. A company must apply the same depreciation method for book and tax purposes.
B. A company must apply different depreciation methods for book and tax purposes.
C. A company may use different depreciation methods for book and tax purposes but there are certain restrictions.
D. A company must seek approval from relevant tax authorities for the depreciation method it applies.
E. none of the above
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