标题: Question 66 of the afternoon mock cfai [打印本页] 作者: sharksfan 时间: 2011-7-11 18:24 标题: Question 66 of the afternoon mock cfai
They ask for the deferred tax liability at the end of 2010 and they give the 2009 data. I calculated the deferred tax liability for both years because I thought it was cumulative. Is this not the case?作者: ishfaque 时间: 2011-7-11 18:24
i made the same mistake...
not sure when to take cumulative or whn to take for single year...
???作者: manasib 时间: 2011-7-11 18:24
Take another look at this:
The asset was 2000 million, depreciated at SLM for accounting purposes at 10% and DDM for tax purposes.
Now the first year depreciation difference causes difference of 300 (100 accounting and 400 tax) ... Thus DTL = 300*30% = 90
Second year depreciating causes difference of 220 (100 accounting and 320 tax) ... Thus DTL = 220*25% = 55$ (for second year)
At the end of second year, cumulative DTL =
75 (90 revalued downwards due to new tax rate) + 55 = 130$作者: rkapoor 时间: 2011-7-11 18:24
