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QUESTION
Depreciation of fixed assets under GAAP v. for tax purposes is based on: original cost less salvage value under GAAP v. original cost for tax...
Depreciation of fixed assets under GAAP v. for tax purposes is based on:
original cost less salvage value under GAAP v. original cost for tax purposes.
original cost for GAAP v. the original cost less salvage value for tax purposes.
original cost less the salvage value both under GAAP and for tax purposes.
original cost both under GAAP and for tax purposes.
