which of the following creates a deferred tax asset?
In 2012, HD had reported a deferred tax asset of $90 million with no valuation allowance. b) Goodwill amortization for tax, but not book, purposes. What is a Deferred Tax Asset? - Definition | Meaning | Example A. EXPEDITED REVIEW REQUESTED UNDER 17 CFR 270.0-5(d) In the Matter of . … which of the following creates a deferred tax asset? For corporations, deferred tax liabilities are netted against deferred tax assets and reported on the balance sheet. This disagreement creates a deferred tax liability of $12,000, recorded in books as Deferred tax liability. Deferred tax asset (20,000 * 25%) = 5,000. It is also affected by discrete items that may occur in any given year, but are not consistent from year-to-year. Accordingly, Accel shares the responsibility with its licensed establishment partners of the payment of a 34% tax on gross gaming revenue, with such tax increased from 33% beginning on July 1, 2020. DTA creation depends on the principle of prudence. which of the following creates a deferred tax asset? … Step 7 – The difference in tax will be the deferred tax liability and will be recorded. Pennsylvania Department Of Health Headlines on One News Page weav-20211231 A UNIFI Company.