Start learning →

A difference in depreciation method, such as SLM against WDV, between books and tax is a:

APermanent difference
BContingent gain
CCapital reserve
DTiming difference
Answer & Solution
Correct answer: D. Timing difference
Different methods allocate the same total depreciation over different years, so the difference reverses.
Practise this question with Quill — CA Inter →

Keep practising AS 22 Taxes on Income

Browse all AS 22 Taxes on Income questions for CA Inter, or explore more Accounting topics.

Start a AS 22 Taxes on Income lesson →
Related questions