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Identify whether the following items are related to a deductible temporary difference, a taxable temporary difference, or neither. Deductible/Taxable/Neither a. Item Warranty expense accrued but
Identify whether the following items are related to a deductible temporary difference, a taxable temporary difference, or neither. Deductible/Taxable/Neither a. Item Warranty expense accrued but not deductible until actual costs are incurred b. CCA* that exceeds depreciation expense for property, plant, and equipment Dividends received that are not taxable A deferred tax asset for rent revenue received in advance and taxed upon receipt Equipment that has a carrying value above undepreciated capital cost *CCA = capital cost allowance C. d. e
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