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Today I came across a difficult and specialized sentence of law field. After a long trial translation, I still cannot give an exact translation. Here, I would like to post it on my blog and ask for your help. Anyhow, thank you in advance.
The following is the sentence i need you to help me translate:
Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income.
Who can help me translate this sentence into Chinese? Thanks a million!
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