search query: @author Shriver, K. A. / total: 5
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| Author: | Downs, T. W. Shriver, K. A. |
| Title: | The analytical derivation and empirical test of a tax-adjusted fundamental value model |
| Journal: | Journal of Accounting Research
1992 : VOL. 30, p. 77-102 |
| Index terms: | TAXATION MODELS ACCOUNTING TESTS |
| Language: | eng |
| Abstract: | Previous research has demonstrated that the depreciated cost estimate of economic value is sensitive to both the valuation modes and the assumed deprecation schedule. The purpose of this study is to extend prior research by examining the interactive effects of differential tax benefits and alternative productive capacity depreciation schedules on the estimation of the economic value of owned used assets. The authors derive and test a model for valuing fixed assets that specifies the effects of differential tax treatments on expected after-tax cash flows for owned used assets. |
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