A company incurs a capital expenditure that may be amortized over five years for accounting purposes, but
Question:
A company incurs a capital expenditure that may be amortized over five years for accounting purposes, but over four years for tax purposes. The company will most likely record:
A. a deferred tax asset.
B. a deferred tax liability.
C. no deferred tax asset or liability.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
The company will most likely record a deferred tax liability Here is the reason why Capital expendit...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
Question Posted:
Students also viewed these Business questions
-
A company incurs a capital expenditure that may be amortized over five years for accounting purposes, but over four years for tax purposes. The company will most likely record: a deferred tax asset....
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
The following are independent items. 1. The excess amount of a charge to the accounting records (allowance method) over a charge to the tax return (direct writeoff method) for uncollectible...
-
Mary, who is single, had the following items for 2016: Required: Determine Marys adjusted gross income for 2016. Salary $80,000 Loss on sale of 8 1244 small business stock acquired 3 years ago...
-
Why substantiation is considered the foundation of FTC enforcement?
-
1. There is a tradeoff between the higher interest rates in Thailand and the delayed conversion of baht into dollars. Explain what this means. 2.
-
Sota Company has the following production data for April: units transferred out 40,000, and ending work in process 5,000 units that are 100% complete for materials and 40% complete for conversion...
-
Cash flow analysis, chapter appendix. (CMA, adapted) TabComp, Inc., is a retail distributor for MZB-33 computer hardware and related software and support services. TabComp prepares annual sales...
-
If a rock has 1000 atoms of a parent and 3000 atoms of daughter product, how many half lives have passed? 1 half life 2 half lives 3 half lives 4 half lives there is no way to tell
-
In 2007, the companys US GAAP income statement recorded a provision for income taxes closest to: A. $30,632. B. $54,144. C. $58,772. Note I Income Taxes The components of earnings before income taxes...
-
When accounting standards require an asset to be expensed immediately but tax rules require the item to be capitalized and amortized, the company will most likely record: A. a deferred tax asset. B....
-
After the plaintiff had been employed by AGF for 20 years, the company announced that continued employment with the firm was dependent upon agreement to arbitrate all future employment disputes...
-
1. Find the exact interest with the approximate time a 253,000.00 loan at 18%p.a. made on June3,2015 to September 11, 2017. 2. Find the ordinary interest with the approximate time a 253,000.00 loan...
-
The Modigliani-Miller theorem states that a company's capital structure is not a factor in its value. Market value is determined by the present value of future earnings, the theorem states. Before...
-
Managers traditionally view the HR relationship as moving from recruitment and selection, to training and appraisal, career planning, and compensation. What challenge might this viewpoint create?
-
Problem 3: Conjunctive Normal Form (4pts) Convert the following logical sentences to CNF, showing each step (include the name of each logical equivalence as you use it, referring to Figure 7.11) a)...
-
An MNC is considering establishing a twoyear project in New Zealand with a $30 million initial investment. The firm's cost of capital is .12. The required rate of return on this project is 0.15. The...
-
Based in the United States, your firm trades extensively in European countries that have adopted the euro. You have been asked to evaluate the impact of currency fluctuations on sales in this region...
-
A container holds 2.0 mol of gas. The total average kinetic energy of the gas molecules in the container is equal to the kinetic energy of an 8.0 10-3-kg bullet with a speed of 770 m/s. What is the...
-
Which one is not a key financial ratio? (a) Liquidity ratios. (b) Activity ratios. (c) Common size ratios. (d) Profitability ratios.
-
Which of these are tools and techniques used by the financial analyst to convert financial statement data from sources that facilitate the evaluation of a firms financial condition and performance?...
-
Which of the following is not a source of information for the financial statement user? (a) Auditors report. (b) Proxy statement. (c) Stock price (d) Management discussion and analysis.
-
Transaction [4 points] On March 1, fixtures and equipment were purchased for $4,500 with a downpayment of $1,000 and a $3,500 note, payable in one year. Interest of 5% per year was due when the note...
-
Burr Industries has the following events transpire in June of 2022: Event Details Buy Inventory: Buy 6,000 units of inventory for $6/unit on credit. Sell Inventory: Sell 4,765 units of inventory for...
-
to ensure receiables are not overstated on the statement of financial position, they ate reported a. at gross amount b. less interest revenue, if any c. plus bank charges expense, if any d. at their...
Study smarter with the SolutionInn App