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JMR CorpHad One Temporary Difference During the Year

question 67

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JMR Corp.had one temporary difference during the year.The carrying value of its capital assets for accounting purposes amounted to $350,000; the carrying value for CCA purposes was $380,000.What is the temporary difference amount, what would it be called and where should it be presented on the balance sheet?


Definitions:

Anterograde Amnesia

A condition characterized by an inability to form new memories following the onset of the amnesia, while memories from before the event remain intact.

Recall

The mental process of retrieval of information from the past.

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