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Author Question: IBC Corporation just purchased an expensive piece of equipment. Originally, the firm planned to ... (Read 71 times)

Scollins7

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on: Aug 7, 2023
IBC Corporation just purchased an expensive piece of equipment. Originally, the firm planned to depreciate the equipment over 11 years on a straight-line basis, but now wants to depreciate the equipment on a straight-line basis over 8 years. Other things held constant, what will occur as a result of this change? Assume for this question that the company uses the same depreciation method for tax and shareholder reporting purposes.

◦

IBC’s reported net income will increase.


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IBC’s cash flow will decrease.


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IBC’s net fixed assets as shown on the balance sheet will be lower at the end of the year.


◦

IBC’s income tax expense for the year will increase.

Financial Management: Theory and Practice ¦ Brigham, Ehrhardt, Gessaroli, Nason ¦ 4th Edition
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Marked as best answer by Scollins7 on Aug 7, 2023

Mynameisrandom

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Reply #1 on: Aug 7, 2023
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Scollins7

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

ultraflyy23

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Reply 3 on: Yesterday
Wow, this really help

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