What objective should be of primary importance

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Reference no: EM131342715

1. What objective should guide the selection of a depreciation method for financial reporting purposes?

2. What objective should be of primary importance in the selection of a depreciation method for income tax reporting?

3. What accounting concepts should be considered when evaluating the accounting for expenditures that are made for fixed assets subsequent to acquisition? Be sure to distinguish between revenue and capital expenditures.

Reference no: EM131342715

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