When accounting standards require an asset to be expensed immediately but tax rules require the item to

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When accounting standards require an asset to be expensed immediately but tax rules require the item to be capitalized and amortized, the company will most likely record:

A. a deferred tax asset.

B. a deferred tax liability.

C. no deferred tax asset or liability.

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International Financial Statement Analysis CFA Institute Investment Series

ISBN: 9780470287668

1st Edition

Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie

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