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the accounting for deferred income taxes is a controversial topic because 637513

The accounting for deferred income taxes is a controversial topic because

a. it is sometimes unclear whether deferred income taxes will ever have to b paid by companies that continue to grow (in total assets).

b. estimating future tax rates that should be used in current calculations is difficult because changes in the tax code are difficult to project.

c. price level increases have caused the replacement cost of assets to be higher than the original costs of assets being replaced.

d. new temporary differences originating on assets being purchased during the current year are often larger in dollar amount than old temporary differences reversing on assets purchased in prior years.

e. all of the above.

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