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Deferred Tax Calculation : A company has temporary differences between its accounting income and taxable income due to depreciation differences. The book depreciation is $30,000,
- Deferred Tax Calculation: A company has temporary differences between its accounting income and taxable income due to depreciation differences. The book depreciation is $30,000, while the tax depreciation is $50,000. The tax rate is 25%. Calculate the deferred tax liability or asset.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
