20.Which of the following usually results in an increase in a deferred tax asset? ...
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Accounting
20.Which of the following usually results in an increase in a deferred tax asset?
Multiple Choice
Installment sales for which taxable income recognized when cash is collected.
Unrealized loss from recording inventory impairments.
None of these answer choices are correct.
Unrealized gain from recording investments at fair value.
27.Illini switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2018. The change affects a tool purchased at the beginning of 2016 at a cost of $79,200. The tool has an estimated life of five years and an estimated residual value of $3,960. What is Illini's depreciation expense on the tool in 2018?
Multiple Choice
$20,064.
$10,032.
$21,120.
$15,048.
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