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1. Why doesn’t this Taxation control account balance?
Since tax rules are different to accounting rules, the accounts will not reconcile due to the permanent differences
Not all of the line items have yet been included (deferred tax asset movements are missing)
Not all control accounts are intended to balance
2. Differences between accounting and tax depreciation usually (not always) give rise to what?
Deferred tax assets
Deferred tax liabilities
3. Which of the following tax depreciation methods tends to give rise to the majority of accelerated capital allowances?
Sum Of Digits
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