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4 Cards in this Set
- Front
- Back
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Rising/Stable Prices
Lifo for COGS Taxes Net Income Inventory Balances Working Capital Cash Flow |
Hihger COGS
Lower Taxes Lower Income Lower Inventory Balances Lower Capital Higher CF |
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Rising/Stable Prices
FIFO for COGS Taxes Net Income Inventory Balances Working Capital Cash Flow (less Taxes Paid) |
Lower COGS
Higher taxes Higher Income Higher inventory balances Higher capital Lower Cashflow (more taxes paid) |
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sum of the year depreciation
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(original cost-salv value) ((n-x+1/syd))
n=depreciable life x=year of assets life |
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double declining balance
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(2/numuber of years)(book value at beginning of year 1)
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