When reporting to the Internal Revenue Service companies are most likely to use
A)an accelerated depreciation.
B)straight-line depreciation.
C)reverse accelerated depreciation.
D)units-of-production depreciation.

Question

Quizplus · Accepted Answer

Companies often use accelerated depreciation for tax purposes because it allows them to deduct higher depreciation expenses in the earlier years of an asset's life, reducing taxable income and taxes owed in those years.

When Reporting to the Internal Revenue Service Companies Are Most