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In cardiac muscle
Deferred Tax Asset
An accounting term used for tax overpayments or advance payments, which will get adjusted against future tax liabilities.
Tax Base
The total amount of assets or income that can be taxed by a government, determining the extent of tax revenue.
Carrying Value
The book value of an asset or liability, calculated as the original cost minus accumulated depreciation, amortization, or impairment costs.
Current Tax Liability
The amount of taxes due to be paid to the taxing authorities within the next financial period, typically within one year.
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