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One multiple choice question Which of the following items potentially creates a deferred tax asset? Select one: a. Accelerated depreciation in the tax return and
One multiple choice question
Which of the following items potentially creates a deferred tax asset? Select one: a. Accelerated depreciation in the tax return and straight line depreciation in accounting. b. Pension expense reported in accounting where the company contributes the same amount to the pension plan in the same year. c. Write-down of inventory using the lower of cost or market principle in accounting. d. Rent paid a year in advanceStep by Step Solution
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