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Which of the following would NOT be part of total over- or underapplied manufacturing overhead?
Deferred Tax Liability
This is a tax obligation that a company owes but can pay at a future date due to timing differences between its financial accounting and tax filing.
Deferred Tax Asset
An accounting asset representing the amount of taxes payable in future periods due to deductible temporary differences and carryforwards.
Capital Cost Allowance
A tax deduction in some tax systems for businesses, representing depreciation on capital assets.
Straight-Line Depreciation
A procedure for distributing the expense of a physical asset equally over its operational lifetime on an annual basis.
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