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Which is a temporary tax difference

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Reference no: EM132583500

Question 1: Which of the following is a temporary tax difference that typically results in the recognition of a deferred income tax asset ?

Option 1: Expenses incurred due to the violation of federal laws

Option 2: Depreciation expense

Option 3: Rent revenue collected in advance

Option 4: Use of the installment sales method for tax purposes

Reference no: EM132583500

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