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berry0331
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Joined: 04 Sep 2011
Online Status: Offline
Posts: 49

Posted: 15 May 2012 at 17:15 \| IP Logged

I know that depreciation is classified as noncurrent since its related asset is
fixed and noncurrent.
but, can the portion of the depreciation related to the noncurrent fixed asset
be determined as current deferred liability? Does that mean it's reported on
Income Statement as deferred tax? so confusing!
Any help on answering would be greatly appreciated.

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