Made by craftsmen who take casts of you and your horse, the fit of your saddle will be exact as possible and to your specifications. These saddles are priced in the thousands of dollars. If you have a difficult to fit horse or are serious in pursuing a specific sport a custom-made saddle may be worth the investment.
deferral. In accounting this means to defer or to delay recognizing certain revenues or expenses on the income statement until a later, more appropriate time. Revenues are deferred to a balance sheet liability account until they are earned in a later period. When the revenues are earned they will be moved from the balance sheet account to revenues on the income statement. Expenses are deferred to a balance sheet asset account until the expenses are used up, expired, or matched with revenues. At that time they will be moved to an expense on the income statement.
An asset that may be used to reduce any subsequent period's income tax expense. Deferred tax assets can arise due to net loss carry-overs, which are only recorded as assets if it is deemed more likely than not that the asset will be used in future fiscal periods.he following example assumes that a company purchases an asset for $1,000 which is depreciated for accounting purposes on a straight-line basis of five years of $200/year. The company claims tax depreciation of 25% per year on a reducing balance basis. The applicable rate of corporate income tax is assumed to be 35%.