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What is the impact on liabilities based on this change

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Question - Senior management of Telemark Skiing Ltd wishes to capitalise $2,650,000 in ski-hill improvement costs expended this year, and amortise the capitalised costs over '10 years, rather than just expending them all as is now done. The company's income tax rate is 30%, and the company would plan to continue deducting the costs as expenses in calculating income tax payable for this year, assuming the tax authorities would permit that. What is the impact on liabilities based on this change in recording of the ski-hill improvements this year?

Reference no: EM133140412

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