Question: UrisCo has consistently used the cost method to value its inventory for tax purposes and is not interested in applying for consent to change its

UrisCo has consistently used the cost method to value its inventory for tax purposes and is not interested in applying for consent to change its inventory valuation method due to the cost and effort involved. During the year, the auditors required UrisCo to write down its inventory by $250 million to market. 1d: Will the originating book-tax difference, if there is one, be favorable or unfavorable

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