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FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Why is the depreciation tax shield a component of analyzing investment decisions? O A. Depreciation causes a cash outflow that is added to determine net income. O B. Though no cash was paid out, depreciation was included on the tax return, which caused the company to pay taxes on the amount of depreciation. O C. Depreciation lowers cash outflows for income taxes paid. O D. Depreciation creates cash flows that do not appear on the income statement.arrow_forwardTrue or False: increasing the salvage value increases depreciation expense.FalseTrue or False: decreasing the useful life increases depreciation expense.True Why are the answers false and true? Please explain!arrow_forwardIntangible assets are amortized when: There is no more depreciation available to take. It has a finite life. It has an infinite life. The value has been impaired.arrow_forward
- What does the word depreciation means to a business or individual and what are the various types of depreciation methods?arrow_forwardtrue or false If an uninsured asset is destroyed by fire, the firm suffers a loss measured by the asset's estimated salvage valuearrow_forwardWhich statement concerning depreciation is false? a.The only property that has a determinable life is depreciable. B.Land is not depreciable. C.Intangible assets' capital costs are recovered through amortization, much like depreciation. D.Personal property converted to business use is not depreciable since it was once used for personal purposes.arrow_forward
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