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Deferred Tax Asset/Liability Calculation : A company has a temporary difference due to depreciation. The book depreciation is $50,000, while the tax depreciation is $80,000.
- Deferred Tax Asset/Liability Calculation: A company has a temporary difference due to depreciation. The book depreciation is $50,000, while the tax depreciation is $80,000. The tax rate is 30%. Calculate the deferred tax asset or liability.
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
