Company A purchased a new piece of plant equipment in 2013.It is being depreciated using straight-line for
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Company A purchased a new piece of plant equipment in 2013.It is being depreciated using straight-line for financial reporting but accelerated depreciation.For tax purposes, the Taxable Income is less than the Income Before Taxes for 2013.
What will be the entry required due to this temporary timing difference?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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