FIN 571 Course Great Wisdom / tutorialrank.com FIN 571 Course Great Wisdom / tutorialrank.com | Page 43

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Phyllis believes that the firm should use straight-line depreciation for
a capital project because it results in higher net income during the
early years of the project’s life. Joanna believes that the firm should
use the modified accelerated cost recovery system depreciation
because it reduces the tax liability during the early years of the
project’s life. Assuming you have a choice between depreciation
methods, whose advice should you follow? Why?
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FIN 571 Week 4 Individual Assignment Analyzing Pro Forma
Statements

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Decide upon an initiative you want to implement that would increase
sales over the next five years, (for example, market another product,
corporate expansion, and so on).
Using the sample financial statements, create pro forma statements of
five year projections that are clear, concise, and easy to read. Be sure
to double check the calculations in your pro forma statements. Make