presentationtransparencieschapters117ch14章节.ppt

ounting,eTaxes,eItems,eTaxExpensetoEarningsBeforeTaxesforSelectedIndustriesAutomobiles 33%Banking puters 35Food 35Integratedoil 39Pharmaceutical 30Retail munication 17Transportation ,(taxdepreciation)Straight-line(financialstatementdepreciation)Year5Years1-5TotalTemporaryDifferencesinReportingRevenuesReportNow TaxableLater ReportLater TaxableNowEXAMPLE:-of-SaleMethodInstallmentMethodFinancialReportingTaxReportingEXAMPLE: DeductLater DeductSlower DeductFasterEXAMPLE::-LineMethodMACRSMethodExpenseDeductionsTemporaryDifferences7TemporaryDifferencesAttheendofthefirstyearofoperations,acorporationreports$300,%taxrate,thefirmfacesataxof$120,,eisreducedto$100,etaxdueis$40,:e$300,000×40%=$120,etaxpayable:e$100,000×40%=$40,etaxesonApril15reflectsthedeferredamountof$80,. 15 eTaxExpense eTaxPayable 80000009TemporaryDifferencesApr. 15 eTaxPayable 4800000If$48,esdueinthesecondyear,