why did u subtract the 12,000 from 20,000 to get 8,000? shouldnt u subtract the straight line 12,000 -20,000 to get -8000 my question is basically shouldnt u subtract book by tax?
Its because of temporrary differences. The book depreciation expense could be lower than what was actually deducted per tax return. Hence resulting to higher Carrying Value of the asset per book so it will create future tax liability that must be recognized as DTL since at the moment you enjoyed tax benefit from higher depreciation expense per tax return.
How did those amounts under tax depreciation column come about? Are they just a given number or is there a calculation for the accelerated method of accounting for depreciation?
You are literally saving my grade right now in my accounting course.
Taking corporate tax online class and this summed up half of a chapter that was confusing the hell out of me. You're very good at explaining.
The way you said it at 2:25 finally made the lightbulb go on. Thank you soooooo much!!
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Dr. McLaughlin,
Your backstory is absolutely incredible and your teaching style is so engaging. You are nothing short of an inspiration to me.
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You explain things in a super clear way that is interesting and not at all boring.
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Thank you so much for all your help!!! Would not be able to go thru UCLA without your videos!!!
Thank you for watching and best of luck in your studies!
wow this explained things so much better than my class instruction did, thank you!!!!
Great to hear!
Shout out Edspira. You have carried me through literally 60% of my classes in college
helped a lot sir, sitting for the corp.accounting exam soon. thank you
Happy to help. Good luck on the exam!
Thank you so much for making the concept so easy to understand...
I have a hard time understanding taxes and you made simple. Hopefully I get it when I get to deferred tax liability.
Thank God I found your video!
Great job! Thank you for explaining this topic.
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Wow this is great explaintion sir.
You are always amazing in the explanation, thank you
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Best regards
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Thank you sir!
You are welcome!
thank you so much for this video.
Thank you! I LOVE your videos!
Really good video (s)! Thank you!!
Could you please do a video on Deferred Tax Asset and Liability? Thanks.
Coming soon. I hope to have the video up this week.
why did u subtract the 12,000 from 20,000 to get 8,000?
shouldnt u subtract the straight line 12,000 -20,000 to get -8000
my question is basically shouldnt u subtract book by tax?
excess of tax over book.. basically, how much more than book depreciation is the tax depreciation
You're amazing!! Thank you so much!!
Thank you for the kind words!
You're good
Can you explain why depreciation is a DTL item? Is it because the government wants to encourage firms to invest? Thanks.
Its because of temporrary differences. The book depreciation expense could be lower than what was actually deducted per tax return. Hence resulting to higher Carrying Value of the asset per book so it will create future tax liability that must be recognized as DTL since at the moment you enjoyed tax benefit from higher depreciation expense per tax return.
SO Good THX
Thanks!
How did those amounts under tax depreciation column come about? Are they just a given number or is there a calculation for the accelerated method of accounting for depreciation?
I want the tax accounting and timing
I'm planning on making more tax videos this summer. This is a more complex topic that will require it's own video. Stay tuned!
Ind AS 12
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