Def Part Example deferred tax asset - Jazzagals received $150,000 of subscriptions in advance during year 1. The entire $150,000 will be taxed in year 1. For book purposes, subscription revenue will be earned equally in years 2, 3, and 4. There is additional advertising income of $500,000 in each year. The tax rate is constant at 30%. y2-4 1190 06 2022