which of the following statements about property taxes is false?, course hero

by Vivien Spencer DVM 7 min read

When is the after tax cost of an expenditure minimized?

The after-tax cost of an expenditure is minimized when the expenditure is deductible in the current year.

What is the difference between the before and after tax cost of an asset?

The difference between the before-tax cost and after-tax cost of an asset equals the net

Is LIFO a false economy?

False (In an inflationary economy, the use of LIFO maximizes the cost of goods sold and minimizes

Can a firm use LIFO for cost of goods sold for tax purposes?

A firm can use LIFO for computing cost of goods sold for tax purposes only if it uses

Is sales tax capitalized?

False (Sales tax must be capitalized as part of the cost of the asset.)

Is MACRS false or true?

False (The MACRS calculation for buildings uses a midmonth convention.)

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