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Which of the following statement completions is false? For aprofitable firm, when MACRS accelerated

Which of the following statement completions is false? For aprofitable firm, when MACRS accelerated

Which of the following statement completions is false? For aprofitable firm, when MACRS accelerated depreciation is compared tostraight-line depreciation, MACRS accelerated allowances produces_________.Question 8 options:Higher depreciation charges in the early years of an asset’slife.Larger cash flows in the earlier years of an asset’s life.Larger total undiscounted profits from the project over theproject’s life.Smaller accounting profits in the early years, assuming thecompany uses the same depreciation method for tax and bookpurposes.None of the above. (All of the above are correct.)