yields robust results that are in line with theory and prior literature: A one standard deviation increase in the quality of …

maximizing the property's depreciation tax shelter net of all capital gain taxes and transaction costs.This paper develops a … dynamic programming model in which the optimal trading strategies and depreciation methods of all investors in a property are … simultaneously determined. The effects of inflation, depreciation, recapture and choice of depreciation method are analyzed, and the …

maximizing the property's depreciation tax shelter net of all capital gain taxes and transaction costs.This paper develops a … dynamic programming model in which the optimal trading strategies and depreciation methods of all investors in a property are … simultaneously determined. The effects of inflation, depreciation, recapture and choice of depreciation method are analyzed, and the …

depreciation methods. The first attribute is the effect of the DTL on the market value of the firm. The second is the length of … tax expense. The effect of one dollar of DTL on firm value depends only on the tax depreciation rate and the discount rate …