If a Company Depreciates an Asset at a Faster Rate

question 53

True/False

If a company depreciates an asset at a faster rate for tax purposes than for financial reporting purposes this will give rise to a deferred tax liability.

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Definitions:

Suicidality

The likelihood or risk that an individual will attempt or commit suicide.

Impact

The strong effect or influence that something has on a situation or person.

Commit Suicide

The act of intentionally causing one’s own death.

United States

A country in North America consisting of 50 states, a federal district, and various territories.