Which of the Following Statement Completions Is NOT CORRECT? for a Profitable

question 42

Multiple Choice

Which of the following statement completions is NOT CORRECT? For a profitable firm,when MACRS accelerated depreciation is compared to straight-line depreciation,MACRS accelerated allowances produce

• A) Higher depreciation charges in the early years of an asset's life.
• B) Larger cash flows in the earlier years of an asset's life.
• C) Larger total undiscounted profits from the project over the project's life.
• D) Smaller accounting profits in the early years,assuming the company uses the same depreciation method for tax and book purposes.
• E) Lower tax payments in the earlier years of an asset's life.

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