In its first 4 years of operations, Alder, Inc.'s depreciation for income tax purposes exceeded its depreciation for financial statement purposes. This temporary difference was expected to reverse over the next 3 years. Alder had no other temporary differences. Alder's balance sheet for its fourth year of operation should include:
a) Lower accumulated depreciation for income tax purposes compared to financial statement purposes.
b) Higher accumulated depreciation for income tax purposes compared to financial statement purposes.
c) Equal accumulated depreciation for income tax purposes and financial statement purposes.
d) No accumulated depreciation.
