The classification of a deferred tax asset as current or long-term usually depends on the balance sheet classification of the asset or liability to which it relates.

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The classification of a deferred tax asset as current or long-term is dependent on the balance sheet classification of the asset or liability to which it relates. This means that if the asset or liability is classified as current, the deferred tax asset will also be classified as current, and if it's classified as long-term, the deferred tax asset will be classified as long-term.

The Classification of a Deferred Tax Asset as Current or Long-Term