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Unformatted text preview: asset. By doing this it would reduce the businesses tax bills. As an accountant it is also important to check the federal (IRS) and state regulations for rules regarding depreciation, and the method used for calculating the depreciation for the different types of assets being depreciated for a business. By taking this course, previous courses, and the courses to follow, I feel that I am better prepared to enter into the professional accounting world. It has helped me as a student by giving me a better understanding of accounting and the depreciation methods used in accounting. As a person it has enabled me to be able to help some of my friends and family figure the depreciation of equipment that is being used within their small businesses....
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This document was uploaded on 05/30/2011.
- Spring '10