De Waegenaere, Anja; Berg, M.; Wielhouwer, J.L. - Tilburg University, Center for Economic Research - 1996
This paper focuses on the choice of a depreciation method, when trying to minimize the expected value of the present … tax brackets, we determine the optimal choice between the straight line depreciation method and a speci c accelerated … depreciation method. We show how the distributions of the cash- ows, the discount rate, and the tax structure can in uence the …