When the Carrying Amount of an Asset Exceeds the Tax

question 12

Multiple Choice

When the carrying amount of an asset exceeds the tax base,there will be a deferred tax ,because the taxation payments have effectively been .

• A) asset; made in advance of recognising the expense
• B) asset; deferred to future periods
• C) liability; made in advance of recognising the expense
• D) liability; deferred to future periods

---

Definitions:

Trial Close

A sales technique involving a question or statement by the seller that moves the sales process towards the final commitment or purchase decision.

Sales Presentation

A pitch or demonstration given to a potential client or buyer with the aim of persuading them to purchase a product or service.

Condition of Sale

Terms that specify the circumstances under which a sale is conducted, including payment terms, delivery, warranties, and other relevant details.

Negotiation

A strategic discussion that resolves an issue in a way that both parties find acceptable.