$4.0 million deferred tax asset of the following is created by this bookkeeping difference.
What is tax?
- A tax is a compulsory financial burden or other obligation imposed on a taxpayer (individual or corporate) by a governmental organization to fund government and various public expenditures (local, local, or national).
- A levy of sorts, tax compliance is related to policy and individual behavior.
- A tax is a mandatory fee or financial burden that a government imposes on an individual or organization to collect revenues for public works that provide the best facilities and infrastructure.
- Examples include general and selective excise taxes, value added taxes (VAT), taxes on any aspect of manufacturing or production, taxes on legal transactions, and customs or import taxes.
- General sales tax is a charge levied on most consumer spending.
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