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What is the impact on deferred tax asset and deferred tax liability if a company records...

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Finance

What is the impact on deferred tax asset and deferred taxliability if a company records accelerated depreciation for taxpurposes and straight-line depreciation for book purposes?

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When a company is using an accelerated depreciation method the tax calculated will reduce in comparison to the tax calculated using straight line depreciation method This will happen for few    See Answer
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What is the impact on deferred tax asset and deferred taxliability if a company records accelerated depreciation for taxpurposes and straight-line depreciation for book purposes?

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