A deferred tax liability arising from the use of an accelerated method of depreciation for tax pur-poses

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A deferred tax liability arising from the use of an accelerated method of depreciation for tax pur-poses and the straight-line method for financial reporting purposes would be classified on the balance sheet as

a. A current liability.

b. A noncurrent liability.

c. A current liability for the portion of the temporary difference reversing within a year and a noncurrent liability for the remainder.

d. An offset to the accumulated depreciation reported on the balance sheet.

Related Book For answer-question

Comparative international accounting

ISBN: 978-0273703570

9th Edition

Authors: Christopher nobes, Robert parker

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Posted Date: Jan 15, 2021 05:08 PM

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A deferred tax liability arising from the use of an accelerated method of depreciation for tax pur-poses

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Expert Answer:

Answer b A noncurrent liability Noncurrent liabilities ... View the full answer

Comparative international accounting

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