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Create deferred tax assets or deferred tax liabilities

Assignment Help Financial Accounting
Reference no: EM132769274

Problem 1: Listed below are items which are treated differently for accounting purposes than they are for ta purposes. Indicate whether the items are permanent differences or reversible differences. For reversible differences, indicate whether they will create deferred tax assets or deferred tax liabilities.

  1. Membership costs for executives at a local golf club
  2. Excess CCA over accounting depreciation

Reference no: EM132769274

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