单选题

If a firm uses accelerated depreciation for tax purposes and straight-line depreciation for financial reporting, which of the following results is least likely?（）

A、 A temporary difference will result between tax and financial reporting.
B、 Income tax expense will be greater than taxes payable.
C、 A permanent difference will result between tax and financial reporting.

【正确答案】 C

【答案解析】

A permanent difference between tax and financial reporting is a difference that is expected to not reverse itself. Under normal circumstances, the effects of the different depreciation methods will reverse.