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Question 7 8 pts For each of the following items, indicate whether it would generate a permanent or temporary tax difference: begin{tabular}{|l|l|} hline Use of

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Question 7 8 pts For each of the following items, indicate whether it would generate a permanent or temporary tax difference: \begin{tabular}{|l|l|} \hline Use of different depreciation methods for financial reporting and tax reporting purposes & [Select] \\ \hline The incurrence of fines for late tax payments The payment of monies as prepayment for services to be received in future periods (prepaid asset) & [Select] \\ \hline The receipt of non-taxable interest & [Select] \\ \hline The recognition of warranty expense using the allowance method & [Select] \\ \hline \end{tabular}

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