Accounting Mystery Tip

​If you have tax depreciation more than financial reporting depreciation, let us say of 100. In terms of timing difference, 50 of it is next year where the tax rate will change from 30 to 20%. Originally, before the tax change, you would have booked an initial DTL, nevertheless, this tax change will make you Dr. 5 for your DTL (10* of the 50 depreciation).