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If a company incurs $10 (pretax) of depreciation expense, how does that affect the three financial statements?assume a tax rate of 40%
Mar 13 2013 12:03 PM
Balance Sheet - $10 will be subtracted from the assets
Income Statement - $10 will be added to operating expenditure
Cash Flow Statement - Not affected
Mar 16 2013 10:40 AM
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In this question Taxes and Interest has been ignored??
tax expense and tax payable of a company
Advanced Income Statement
what is tax deducted at source?????
and can we reclaimed it at the time of filing our income tax???
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