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What are the three general approaches to production?
Deferred Tax Liability
A tax obligation that a company owes but is not required to pay until a future date, often due to timing differences between accounting practices and tax laws.
Pretax Financial Income
The amount of income that a company has earned before any taxes have been deducted.
Straight-Line Depreciation
Straight-line depreciation is a method of allocating the cost of a tangible asset over its useful life evenly, resulting in a fixed amount of depreciation expense each period.
Taxable Income
The portion of income that is subject to income tax, after deductions and exemptions.
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