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Gomez Corporation uses straight-line depreciation for financial reporting purposes but an accelerated method for tax purposes. Is it acceptable to use different methods for the two purposes? What is...

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Gomez Corporation uses straight-line depreciation for financial reporting purposes but an accelerated method for tax purposes. Is it acceptable to use different methods for the two purposes? What is Gomez"s motivation for doing this?
Answered Same Day Dec 24, 2021

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Robert answered on Dec 24 2021
113 Votes
Gomez Corporation uses straight-line depreciation for financial reporting
purposes but an accelerated method for tax purposes. Is it acceptable to use
different met which for the two purposes? What is motivation for doing this?
No, it is not acceptable now to use different methods for...
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