Tax deductable when paid


At December 31, DePaul Corporation had 16 million balance in it deferred asset account and $68 million balance in it deferred liability account the balances were due in the following cumulative tempory differences; Estimate warrenty expense, $15 million; expense recorded in the year of sale; tax deductable when paid (one year warranty)

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Accounting Basics: Tax deductable when paid
Reference No:- TGS062571

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