What is DEFERRED TAX ASSET?

When an asset is used to reduce taxes owed. It is done when the compay can afford their operating costs for the next period.

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Related Legal Terms
DEFERRED CHARGE, NET REALIZABLE VALUE OF ASSET, DEFERRED TAX LIABILITY, DEFERRED DEBIT, DEFERRED REBATE, TANGIBLE CAPITAL ASSET, MARQUEE ASSET, CAPITAL ASSET PRICING MODEL (CAPM), DEFERRED ACQUISITION COSTS (DAC), DEFERRED COMPENSATION


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