Compaeison+of+Interperiod...+H-W+Solution

Compaeison+of+Interperiod...+H-W+Solution - C O MPAR ISON...

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Unformatted text preview: C O MPAR ISON OF I N T E R-PER IO D TAX A LLOCAT IO N H /W SOLU T IO N Year 1 Year 2 Year 3 Year 4 800 1,300 1,900 -100 400 400 400 400 (000) (300) (500) (800) Taxable Income 1,200 1,400 1,800 (500) Tax Rate 40% 50% 60% 60% NBV 1,200 800 400 0 UCC 1,600 1,300 800 0 Difference (400) (500) (400) 0 Accounting I ncome Depreciation* Capital Cost A llow.^ Yr. Current Income Tax Expense 480 1 Taxes Payable 480 F uture Tax Asset 160 F uture Income Tax Benefit Yr.2 Current Income Tax Expense 160 700 Taxes Payable Future Tax Asset 700 90 F uture Income Tax Benefit Yr.3 Current Income Tax Expense 90 1,080 Taxes Payable Future Income Tax Expense 1,080 10 F uture Tax Asset CO MPAR ISON OF I N T E R-PER IO D TAX A LLOCAT IO N H/W SOLU T IO N CONT I N U E D 10 Y r. Taxes Receivable 300 4 Current Income Tax Benefit Future Income Tax Expense F uture Tax Asset 300 240 240 ...
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Compaeison+of+Interperiod...+H-W+Solution - C O MPAR ISON...

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