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Author Question: Assume that Cool Beverages Inc. can reduce its depreciation expense by half for the upcoming year ... (Read 46 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
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campbellfam07

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Reply 2 on: Aug 7, 2023
:D TYSM

Laurenleakan

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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