Question: Why are liabilities easy to value? Because they are at cost. Because both assets and liabilities are easy to value Because their value is usually

Why are liabilities easy to value? Because they are at cost. Because both assets and liabilities are easy to value Because their value is usually what they owe. Because liabilities are constantly changing. Question 4 What causes most deferred taxes? Using MACRS for the financial statements and straight-line depreciation for Income tax purposes. Using depreciation for the purposes of increasing Income taxes. Using straight line depreciation for financial statements and MACRS for income tax purposes. Deferred taxes have nothing to with depreciation

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