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Taxes Essay Examples
taxes at all government levels (federal, state and local) thereby increasing their economic burden and causing a drain on their financial resources with some of them finding it difficult to continue surviving. Secondly, it has a negative effect on investments as previous choices become irrational since investors must shift their accounting practices causing a change in their decision-making approaches. The implication is that there is a need for the identified concerns to be addressed and allayed before discontinuing LIFO use to preempt the negative effects on the financial...