Asset Depreciation for Accounting or Tax Purpose

lifengj

请问大家个技术问题. 我不是很明白DEFERRED TAX LIABILITY OR DEFERRED TAX ASSET是什么, 网上找了下, 发现在与两个概念区别, 一个是DEPRECIATION FOR ACCOUNTING PURPOSE, 另外一个是DEPRECIATION FOR TAX PURPOSE, 请问是什么区别?

最好给个数字的例子. 另外看到一个JOURNAL ENTRY

DR INCOME TAX EXPENSE
DR DEFERRED TAX LIABILITY
CR TAX PAYABLE

请问这代表是什么意思?如果说两个PURPOSE产生了区别, 那么这个ENTRY是用来关闭这个TEMPORARY DIFFERENCE的吗?

分分伺候,谢谢!!!!

Gladys123

当carrying amount > tax base, 就会产生 Deferred Tax Liability.
example： Asset of $5000, accounting depreciation is 5 years, but tax depreciation is 4 years.
1st year:
    carrying amount is 5000-1000 = 4000
    tax base is 5000-1250 = 3750
    the difference 250 * tax rate is deferred tax
    Allowable tax deduction is more than accounting depreciation, which will result less profit, and then less tax payable. In other words, the tax has been deferred.
    Dr Tax Charge
    Cr Tax payable (current year taxation)
    Cr Deferred Tax

2nd-4th year:
    similar to 1st year.

5th year:
    accounting depreciation is 1000, but tax depreciation is "0".
    to settle the temporary difference, the journal would be:
    Dr Deferred Tax
    Cr Tax payable

Deferred Tax Asset occurs when carrying amount < tax base. "tax loss" is a good example. Tax loss can be used to reduce future tax.
   
Hope this helps.