Finally a reduction in deferred income taxes? (implications of the issuance of Statement of Financial Accounting Standards No. 121): An article from: The National Public Accountant

This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on August 1, 1997. The length of the article is 3325 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Statement of Financial Accounting Standards No. 121 (SFAS 121) provides a long-awaited standard in accounting for declines in the values of fixed assets. Some companies often have a different book value of fixed assets for accounting purposes and another one for tax purposes. Accounting for the difference between the book values result in high deferred income tax liabilities. SFAS No. 121 does not apply to financial instruments or to mortgage and other servicing rights.

Citation Details
Title: Finally a reduction in deferred income taxes? (implications of the issuance of Statement of Financial Accounting Standards No. 121)
Author: Thomas H. Oxner
Publication:The National Public Accountant (Magazine/Journal)
Date: August 1, 1997
Publisher: National Society of Public Accountants
Volume: v42 Issue: n6 Page: p8(5)

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