4. Machinery was acquired at the beginning of the year. Depreciation recorded this year for the machinery would usually result in

Future Future

Taxable Amounts Deductible Amounts

a. Yes Yes

b. Yes No

c. No Yes

d. No No

5. Pension expense is recorded for financial statements as accrued, but for income tax as paid. If Company Z accrued $200,000 in Pension Expense in 2017, but paid $150,000 contributions for the year, how would this be reflected in the schedule to calculate deferred taxes?

a. as $50,000 future deductible, and subtracted from 2017 financial income.

b. as $50,000 future taxable, and subtracted from 2017 financial income.

c. as $50,000 future taxable, and added to 2017 financial income.

d. as $50,000 future deductible, and added to 2017 financial income.