On its tax return,a corporation will use the same depreciation,amortization and depletion methods used in its financial statements issued to shareholders.

Name: On its tax return,a corporation will use the same depreciation,amortization and depletion methods used in its financial statements issued to shareholders.
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Question

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Corporations can use different methods for tax purposes than those used in financial statements, often to take advantage of tax benefits.

On Its Tax Return,a Corporation Will Use the Same Depreciation,amortization