![]() ![]() The grant would result in a permanent difference because the difference is not expected to reverse in the future.Given the geographic proximity of Japan and Korea, it shouldn’t come as a surprise that these two countries share many things in common. ![]() received a government grant of $2,000 for buying a domestically manufactured machine. Temporary differences, and not permanent differences, arise whenever there is a difference between the tax base and the carrying amount of assets and liabilities.
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