The Nantell Corporation just purchased an expensive piece ofequipment. Assume that the firm planned

The Nantell Corporation just purchased an expensive piece ofequipment. Assume that the firm planned to depreciate the equipmentover 5 years on a straight-line basis, but Congress then passed aprovision that requires the company to depreciate the equipment ona straight-line basis over 7 years.  Other things heldconstant, which of the following will occur as a result of thisCongressional action? Assume that the company uses the samedepreciation method for tax and stockholder reporting purposes.

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