Finance Essay Questisons

Define “depreciation expense.” How is depreciation expense different from other expenses? What are the tax implications of depreciation expense?   Define “accumulated depreciation.” How is accumulated depreciation affected when a company disposes of an asset that had been depreciated? Describe how depreciation expense and accumulated depreciation are related.
What is a benefit corporation? What kind of corporation is most likely to seek a change to benefit corporation status? What role do current common stockholders usually play when a corporation seeks a change to benefit corporation status? Are publicly traded corporations likely to seek benefit corporation status? Explain

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