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What Deferred Tax Assets Or Liabilities Will Result From These Accounting Practices?
Question by Trust in yourself | Posted in Other - Business & Finance
Widget, Inc. uses the horizontal-line method to depreciate assets in determining its financial profits. Widgets also accrues an amount for assurance expense at the end of the years even though it normally takes a few years for any defects to show in its products. For tax purposes, Widgets tolerant of
Answer: When they underestimate straight-line (on the books), it's less than the accelerated depreciation (tax).
Straight Line:
$10,000 over 10 years
Y1: $1,000
Y2: $1,000
and so on
Accelerated:
Y1: $2,000
Y2: $2,000
and so on...
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Can Someone Please Explain To Be What Deferred Tax Assets And Liabilities Are?
Question by freerach88 | Posted in Other - Business & Finance
I am analysing some accounts and the net engage value of fixed assets has gone down in 2007 from 2006 by 8.8%, i basically have to extenuate why this is, so i was looking in the notes of the accounts and under one of the notes it had deferred tax assets and liabilites which were significantly reduced,
Answer: You can see "in accounting full stop" depreciation and amortisation in the p & l. This should match the change in asset value, but mind of the impact of disposals - if any, these are taken out of NBV at cost, with accumulated depreciation of that asset written off. This ties into the
I am nearing retirement and after to shift to more stable income generating investments. Should I sell 401k common assets to put into bond fund or non-retirement account to go into lower risk investments? I assume the question centers around the tax implications of selling stock in 401K (and not paying
Can Deferred Tax Assets And Deferred Tax Liabilities Exist On One Balance Sheet At The Same Time?
Question by jacektham | Posted in United States
Is it not either an asset or a exposure due to the fact that it cancels each other out?
Answer: You can have multiple deferred tax items, some of which may be assets and some of which may be liabilities. Fundamentally, there will be only one item on the consolidated balance sheet, which will be either an asset or a liability.
Wealth tax - Wikipedia, the free encyclopedia
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Wealth tax: Definition from Answers.com
Property Tax It is a tax based on the market value of assets that are owned. These assets include, but are not limited to, cash, bank deposits, shares,
