When accounting standards require an asset to be expensed immediately but tax rulesrequire the item to be capitalized and amortized, the company will most likely record:A . a deferred tax asset.B . a deferred tax liability.C . no deferred tax asset or liability.

Financial Accounting Intro Concepts Meth/Uses
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Author:Weil
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Chapter12: Liabilities: Off-balance-sheet Financing, Retirement Benefits, And Income Taxes
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When accounting standards require an asset to be expensed immediately but tax rules
require the item to be capitalized and amortized, the company will most likely record:
A . a deferred tax asset.
B . a deferred tax liability.
C . no deferred tax asset or liability.

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