Deferred Tax Asset Definition
These tax assets are typically used to reduce the total amount of taxable income for a company. This link from macabacus.com about Net Operating Losses (NOL) is probably only suitable for accountants, but it confirms that the benefit from NOLs occurs...
How to account for an increase in the useful life of a fixed asset
The company can't revalue or "write up" the book value of the asset. Depreciation refers to how much of an asset's value is left over the course of time. This value is the result of the asset being used or because it becomes obsolete....
Straight Line Depreciation Method
In later years, a lower depreciation expense can have a minimal impact on revenues and assets. However, revenues may be impacted by higher costs related to asset maintenance and repairs. The depreciation method chosen should be appropriate to the ass...