shootingstar

Taxes payable is the amount of money you owe to the IRS based on your tax return. For tax return purposes depreciable assets havea set life and depreciation schedules based on the category of asset. So the cash you have t pay this year is unaffected by the impairment taken for book puposes

What would change would be your deferred taxes because you're likely taking a larger charge for book purposes than you are allowed for tax return purposes