The Adjustment for the Amount of Future Taxes to Be
The adjustment for the amount of future taxes to be paid as a result of the MACRS depreciation deduction taken in this and prior years is recorded with a debit to
A) Tax Expense and a credit to Deferred Income Tax Liability.
B) Deferred Income Tax Liability and a credit to Tax Expense.
C) Tax Expense and a credit to Deferred Income Tax Asset.
D) Deferred Income Tax Asset and a credit to Tax Expense.