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Q: what method is the best to track wear and tear on the van?
A: Best track of wear and tear The units-of production method tracks the wear and tear on the van most closely. [ Preferred method for income tax purposes For income tax purposes, the double-declining-balance method is best because it provides the most depreciation and, thus, the largest tax deductions in the early life of the asset. The company can invest the tax savings to earn a return on the
investment. ]
Expert answered|hersheys|Points 75|
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Asked 6/23/2013 11:40:41 AM
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