Business
Business, 23.02.2021 20:00, brainguy124

Explain how the choice of one of the following accounting methods over the other raises or lowers a company’s net income during a period of continuing inflation. a.) Use of FIFO instead of LIFO for inventory costing.
b.) Use of a 6-year life for machinery instead of a 9-year life.
c.) Use of straight-line depreciation instead of declining-balance depreciation.

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Explain how the choice of one of the following accounting methods over the other raises or lowers a...

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