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What is macrs

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Problem 1: What is MACRS and how can we have a difference between Financial Accounting Depreciation and Tax Depreciation MACRS? Is there such a thing as legally having two sets of books for a Company?

Reference no: EM132814961

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What is macrs : Explain What is MACRS and how can we have a difference between Financial Accounting Depreciation and Tax Depreciation MACRS?
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