Question:Which of the following courses of action should a firm take in order to minimize the present value of income tax payments? 

A Use the LIFO inventory method instead of FIFO durating periods of rising prices 
B Depreciate fixed assets on the straight-line method rather than the MACRS method 
C Capitalize exploration costs instead of expensing them 
D All of the above 

+ Answer
A 

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Zinia Islam

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