Hi - have 2 specific questions regarding tax credits:
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Looking at a company that made a chunk of earnings from the unwind of a deferred tax asset from intangibles. Shouldn’t an unwind be 0 net impact on earnings or what are the steps impacting the financial statements? Or has an expense been incurred before and hence the unwind leads to the positive earnings impact?
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What is an DTA related to unused capital allowance? How is the DTA booked?
Thanks