If you collect rent, and it is recorded as deferred revenue, and you recognize income in the period the property is occupied, you may have a DTA.
You will debit your income expense, you will debit the DTA of the deferred piece, and you will then credit income tax payable. So, if you have tax income of 100, deferred of 50, at a rate of 20%, you will then Dr. 20 income tax expense, Dr. 10 deferred tax asset, and then Cr. 30 for income.
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