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GAAP vs tax accounting trips up so many IB candidates 🤯⁣ ⁣ When PP&E depreciates faster for tax purposes (accelerated) vs books (straight-line), you get a deferred tax liability⁣ ⁣ Why? You're saving taxes NOW but will owe more LATER when book catches up⁣ ⁣ Leland IB coach breaks down this technical must-know that interviewers ...
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