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What circumstances could a deferred tax asset arise

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Question 1: A piece of machine that originally had both a carrying amount and a tax base of $4000 is revalued. Under what circumstances could a deferred tax asset arise?

Reference no: EM132907531

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What circumstances could a deferred tax asset arise : A piece of machine that originally had both a carrying amount and a tax base of $4000 is revalued. Under what circumstances could a deferred tax asset arise?
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