1. Why do many companies use one method to calculate depreciation for the income statement developed for stockholders and another method for income tax purposes? 2. What should a company do if it...


1. Why do many companies use one method to calculate depreciation for the income statement developed for stockholders and another method for income tax purposes?


2. What should a company do if it finds that the original estimate of the life of an asset or the residual value of the asset must be changed?



May 04, 2022
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