Which of the Following Represent Potential Tax Benefits That Can

Multiple Choice

Which of the following represent potential tax benefits that can directly result from an acquisition?
I.an increase in depreciation expense
II.an increase in surplus funds
III.the use of net operating losses
IV.an increased use of leverage

A) I and IV only
B) II and III only
C) I, III, and IV only
D) II, III, and IV only
E) I, II, III, and IV