straight be depreciation for financial statement reporting and the preciation method for tax reporting. Two years after the purchase , one of the i holds has a hook value of $300,000 and a tax basis of $250,000 beramente temporary differences. Taxable income during the period is $15 bity to be reported in the balance sheet. balance was $25,000 the previous year, prepare an the cometnes during the year. straight be depreciation for financial statement reporting and the preciation method for tax reporting. Two years after the purchase , one of the i holds has a hook value of $300,000 and a tax basis of $250,000 beramente temporary differences. Taxable income during the period is $15 bity to be reported in the balance sheet. balance was $25,000 the previous year, prepare an the cometnes during the year