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Home Q & A Board Other Fields Homework Help Business Accounting
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RobotLava RobotLava
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Posts: 175
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5 years ago
JMR Corporation has one asset worth $350,000. Depreciation accumulated to date is $200,000
and accumulated CCA is $230,000. Assuming the tax rate is 40% what is the income tax
implication?
A) A Deferred income tax asset of $30,000
B) A Deferred income tax liability of $30,000
C) A Deferred income tax asset of $12,000
D) A Deferred income tax liability of $12,000
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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Galindoux21Galindoux21
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5 years ago
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RobotLava Author
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#2
5 years ago
Helps a lot... Now I'm ready for my quiz
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