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Author Question: Assume that Cool Beverages Inc. can reduce its depreciation expense by half for the upcoming year ... (Read 16 times)

campbellfam07

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on: Aug 7, 2023
Assume that Cool Beverages Inc. can reduce its depreciation expense by half for the upcoming year while sales revenue and the tax rate remain unchanged. Prior to the change, the company’s net income after taxes was forecast to be $5 million. What impact will this change have on the company’s financial statements? Assume that the company uses the same depreciation method for tax and shareholder reporting purposes.

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Net fixed assets on the balance sheet will increase.


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Net fixed assets on the balance sheet will decrease.


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The provision will decrease the company’s tax payments.


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The provision will decrease the company’s net income.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by campbellfam07 on Aug 7, 2023

hiyayyay

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Reply #1 on: Aug 7, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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campbellfam07

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review

kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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