Which of the following is an example of a temporary difference,which would result in a deferred tax asset?
A) Use of straight-line depreciation for accounting purposes and an accelerated rate for income tax purposes
B) Rent revenue collected in advance when included in taxable income before it is included in pre-tax accounting income
C) Use of a shorter depreciation period for accounting purposes than is used for income tax purposes
D) Investment losses recognized later for accounting purposes than for tax purposes
Correct Answer:
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