A depreciation schedule utilizing the latest changes to the

A depreciation schedule utilizing the latest changes to the tax code with respect to depreciation is an example of Select one: O a. Managerial accounting o b. Tax accounting O C. Financial accounting d. None of the above

Solution

Answer b. Tax Accounting Tax Accounting - is a accounting method that preapres accounts on the basis of Interenal revenue Codes or Tax rules. It prepares on the tax rules and sections that the companies or individuals have to follow in making the tax returns. Financial Accounting - is a field of accounting that summary, analysis and reporting of financial tranasactions relating to business for the public. Managerial Accounting - is the process of identifying, measuring, analyzing, interpreting and communicating information for the achievement of an organization\'s goals.