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Category > Accounting Posted 22 Oct 2020 My Price 6.00

ACC 291 Week 5 Discussion Standard Accounting Procedure

ACC 291 Week 5 Discussion Standard Accounting Procedure

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students. 

Due Day 3

Your company has always depreciated assets using the straight-line method. Your tax accountant has explained that a switch to the double-declining balance method would minimize taxes in the current year, but you are concerned about the impact this change would have on the value of long-term assets on the balance sheet and future tax liabilities.

Respond to the following in a minimum of 175 words: 

  • Assuming your projected sales (and therefore tax bracket) are predicted to increase dramatically over the next 5 years, what should you do?

Answers

SmartExpert
(118)
Status NEW Posted 22 Oct 2020 06:10 PM My Price 6.00

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file 1603392728-ACC 291 Week 5 Discussion Standard Accounting Procedure.docx preview (329 words )
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