Explain Why Something That Is Unethical Might Not Necessarily Be

question 60

Essay

Explain why something that is unethical might not necessarily be illegal.

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Definitions:

Outflows

Cash or other resources going out of an entity, typically associated with expenses or investments.

Accelerated Depreciation

A depreciation method that expenses asset cost more rapidly in the initial period of its life.

Tax Purposes

The specific reasons or considerations for calculations or filings as required by tax laws.

Impairment Tests

Assessments to determine if an asset's carrying amount exceeds its recoverable amount, indicating a loss in value.