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Provide an acceptable name for CHCl3.
Tax Deductible
Expenses that can be subtracted from gross income to reduce the amount of income subject to tax.
Deferred Tax Asset
A tax benefit arising from temporary differences between the book value and tax basis of assets and liabilities, which will result in deductible amounts in future periods.
Deferred Tax Liability
A tax obligation that arises from temporary differences between the book value and tax value of assets and liabilities, to be paid in the future.
Accumulated Depreciation
The total amount of a tangible asset's cost that has been allocated as depreciation expense over the asset's useful life.
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