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

question 13

True/False

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

---

Definitions:

Equilibrium Price

The equilibrium price where the supply of goods meets consumer demand.

Horizontal Supply Curve

Represents a market situation where the supply of a good is perfectly elastic, indicating the supplier is willing to sell any quantity at a fixed price.

Linear

A straight-line relation in mathematics that expresses a constant rate of increase or decrease between variables.

Deadweight Loss

A loss in economic efficiency that can occur when equilibrium for a good or a service is not achieved or is not achievable.