Question
You are the accountant for a large firm and due to a bumper year of software sales due to the pandemic, your manager is concerned
You are the accountant for a large firm and due to a bumper year of software sales due to the pandemic, your manager is concerned about the level of taxation the company will incur this financial year. In view of this, your manager asks you to increase the depreciation rate on Equipment from 20% to 30% for the preparation of statements.
Required:
How do you respond to your manager's request?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
