[APPENDIX] Marshland Company Uses the Straight-Line Depreciation for Financial Reporting

question 56

Multiple Choice

[APPENDIX] Marshland Company uses the straight-line depreciation for financial reporting purposes and an accelerated depreciation method for tax purposes.As a result, Marshland will record:

• A)a deferred tax asset.
• B)a deferred tax liability.
• C)a permanent difference.
• D)tax-exempt depreciation.

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