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Why do tax preferences often result in differences between book income and taxable income? Would a book/tax difference from a tax preference be a permanent
Why do tax preferences often result in differences between book income and taxable income? Would a book/tax difference from a tax preference be a permanent difference or a temporary difference? Which type of difference is more valuable in NPV terms?
Can you think of three book/tax differences (does not have to be a tax preference item) and indicate whether they are permanent or temporary.
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