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Your tax advisor approaches you with a choice of two great tax strategies - the first is a depreciation strategy which will result in temporary difference that will save you $1,000,000 of taxes in 2014 and will reverse in 2024. The second option is a tax credit which will result in a permanent savings of $500,000 in taxes in 2014. Which is a better option, the $1,000,000 or the $500,000?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91528952

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