2 of 2 Book Print erences Required information The following information applies to the questions...
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2 of 2 Book Print erences Required information The following information applies to the questions displayed below Timberly Construction makes a lump sum purchase of several assets on January 1 at a total cash price of 830 000 The estimated market values of the purchased assets are building 467 650 land 268 650 land improvements 79 600 and four vehicles 179 100 4 Compared to straight line depreciation does accelerated depreciation result in payment of less total taxes over the asset s life Is tax payment less under accelerated depreciation
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