求助，问一下Accounting expenses that are not deductible for tax purposes 2,130 这个项目不需要考虑吗？
The following data are available for a company’s first year of operations:
Metric
￡ Thousands
Earnings before tax reported on the income statement
2,640
Depreciation expense included in earnings before tax
4,500
Accounting expenses that are not deductible for tax purposes
2,130
Depreciation expense deductible for tax purposes in first year of operations
6,340
Corporate tax rate
25%
The company’s end-of-year balance sheet will most likely include (in thousands) a deferred tax
asset of ￡73.
liability of ￡460.
liability of ￡733.
Incorrect.
Deferred tax balances result from temporary differences between a company’s income as reported for tax purposes and income reported for financial statement purposes. The temporary difference in this case arises from the difference between the depreciation for accounting purposes and the depreciation for tax purposes. Because of this difference, the company would report more income tax expense than would actually be paid in taxes. The difference is a deferred tax liability.
Temporary difference balance = Depreciation expense for accounting purposes – Depreciation for tax purposes
￡6,340 – ￡4,500
￡1,840
Deferred tax balance =
Temporary difference balance × Corporate tax rate
￡1,840 × 25%
￡460
CFA Level I
“Understanding Balance Sheets,”Elaine Henry and Thomas R. Robinson
Section 5.2
“Income Taxes,” Elbie Antonites and Michael A. Broihahn
No, it clearly states that the accounting expenses are not deductible for tax purposes. A deductible expense is one you can subtract from your taxable gross income. Deductible expenses reduce your tax liability. A non-deductible expense, on the other hand, does not impact your tax bill.
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