At the beginning of the year, a company purchased a fixed asset for $500,000 with no expected residual value. The company depreciates similar assets on a straight line basis over 10 years, whereas the tax authorities allow declining balance depreciation at the rate of 15% per year. In both cases, the company takes a full year's depreciation in the first year and the tax rate is 40%. Which of the following statements concerning this asset at the end of the year is most accurate?

[单选题]At the beginning of the year a company purchased a fixed asset for $500,000

[单选题]At the beginning of the year, Parent Company purchased all 500,000 shares o

[单选题]In the current year, a company increased its deferred tax asset by $500,000

[单选题]East Company purchased a new truck a t the beginning of this year for $30,0

[单选题]ADREN Company purchased a deliver truck for $77,500 in 2009. ADREN expected

[单选题]At the beginning of the year, a company had total shareholders' equity cons

[单选题]At the beginning of the year, Triple W Corporation purchased a new piece of

[单选题]A company reported deferred tax liabilities of $500,000 and deferred tax as

[单选题]At the beginning of the year, Breidel Company changes its inventory account

[单选题]At the beginning of the year 2009, a lessee company entered into a new capi