Compare and contrast the Accounting for Leases and Income Taxes

THIS ASSIGNMENT NEEDS TO BE PLAGARISM FREE AND MUST USE LEGITIMATE SOURCES (NO COURSEHERO, NO WIKIPEDIA, ECT.). THE ITEMS BELOW NEED TO BE THERE SHOULD INCLUDE IN TEXT APA CITATIONS ALONG WITH CORRECT APA REFERNCES. PLEASE USE FASB DATABASE AND ITEMS PERTAINING TO ACCOUNTING SPECIFICALLY TO ANSWER THE QUESTIONS BELOW. Last year, CMC recorded a deferred tax asset related to product warranties and a deferred tax asset related to accelerated depreciation. A 75% valuation allowance was also established. However, with an upcoming international expansion, Connor and Martin wonder if the company can now reduce or eliminate the valuation allowance. In addition, Connor and Martin are considering alternative financing arrangements for equipment to be used in the upcoming expansion. However, they have not used equipment leases in the past and would like more information. For their second request, they would like you to research the following topics: should be as follows: