(Solved): Management's Choice Of Depreciation Methods Will Usually Create A Difference Between Financial Repor ...
Management's choice of depreciation methods will usually create
a difference between financial reporting income (net income in the
financial statements) and taxable income (for IRS purposes)
True or False? (and why?)
Expert Answer
Solution: True Explanation: Majority of the companies use different methods of depreciation for financial and tax reporting. It is because the companies usually make different accounting choices in ta