Why Do Many Companies Use MACRS Modified Accelerated Cost Recovery

question 123

Essay

Why do many companies use MACRS Modified Accelerated Cost Recovery System depreciation for tax purposes?
If a company uses MACRS for depreciation for tax purposes, can it use a different method for financial reporting? Explain why or why not.

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Global

Pertaining to or involving the entire world; worldwide in scope or application.

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Characterized by variety or differences, often used to describe inclusive or varied groups and ideas.

Workforce

The collective group of individuals engaged in work within an organization or the labor market at large.

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