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Asset write down/up -- DTA and DTL
These are the explanations for DTA/DTL creation from asset write-up/down. Is the explanation for asset write-down & DTA correct? - Asset write-up, which increases depreciation/ decreases pre-tax income on the IS (save on taxes), will produce a DTL. - Asset write-down, which increases pre-tax income...
Question about deferred taxes in tax footnote
When looking at the tax footnote that breaks down the current and deferred portion taxes of a 10-K, the deferred tax portion should ideally be equal to the change between net deferred taxes (usually listed further in the tax footnote). Unfortunately, the 10-K I'm looking doesn't have that result....
Existing deferred tax assets/liabilities in an acquisition...
In an acquisition, what happen's to the seller's existing deferred tax assets and deferred tax liabilities after the seller's company is acquired? Also, does the treatment of existing DTA's and DTL's depend on whether it is a stock purchase, asset purchase, or 338(h)(10) election? Note: I'm not...
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