FRA question question, following, recognized, net

w1977

Hi,

following question arose:

Schweser CFA book 3 Page 331 Q15


Taking an impairment charge due to a decrease in the value of a long-lived depriciable asset is least likely, in the period the impairment is recognized, to reduce a firms:

a) net income
b) operating income
c) taxes payable

Right answer c)

In my opinion, impairment charges reduce operating and net income but also taxes payable!
When my income is reduced, I will have to pay less tax...

Schweser argues: "Taxes are not affected because any loss in asset value will reduce taxes only when the asset is disposed of and the loss is actually realized."

Can you help me out? Where am I thinking wrong?

Regards

Daniel