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Home Q & A Board Other Fields Homework Help Business Accounting
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ashkatnew ashkatnew
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6 years ago
Brimley Corp. leased an asset from Geisler Corp. At the end of the first year Brimley Corp.
reported a leased asset of $87,098, accumulated amortization of $8,710 and a lease liability of
$74,567. The temporary difference for tax purposes is:
A) $8,710
B) $11,241
C) $3,821
D) $21,241
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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askhat9askhat9
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6 years ago
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ashkatnew Author
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#2
6 years ago
Electric Light Bulb Correct, thanks!
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