Many companies use accelerated depreciation in computing taxable income because:

A. it is required by IFRS.
B. it postpones tax payments until later years because it lowers taxable income in the early years.
C. it is easier than straight-line deprecation.
D. it reports higher net income in the early years as compared to other methods.


Answer: B

Business

You might also like to view...

The primary purpose of ________ is to identify the range of possible brand associations in consumers' minds

A) experimental research B) dashboarding C) laddering D) semantic differentials E) word associations

Business

Which of the following is defined as verbal information linked to visual images?

A. rehearsal B. coding C. imaging D. availability bias

Business

Which of the following is a fan characteristic that refers to the fan who personally and publicly identifies with like-minded fans?

a. Emotional engagement. b. Self-identification. c. Cultural competence. d. Auxiliary consumption. e. Production.

Business

The agreement providing security in real property is a(n):

a. draft b. guaranty c. suretyship d. easement e. none of the other choices are correct

Business