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a. Under what conditions is the use of an accelerated depreciation method most appropriate? b. Why is an accelerated depreciation method often used for income tax purposes? c. What is the Modified...

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a. Under what conditions is the use of an accelerated depreciation method most appropriate?
b. Why is an accelerated depreciation method often used for income tax purposes?
c. What is the Modified Accelerated Cost Recovery System (MACRS), and under what conditions is it used?

Answered Same Day Dec 21, 2021

Solution

Robert answered on Dec 21 2021
130 Votes
Under what conditions is the use of an accelerated depreciation method most
appropriate?
Accelerated depreciation method can be used in the following conditions:-
When company is earning taxable income in the early years this method is used. This is
ecause it allows higher deductions in the early years and higher taxable income is thus
educed by the amount of depreciation ...
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