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Jill is the CFO of PorTech, Inc. PorTech's tax advisers have recommended two tax planning ideas...

Jill is the CFO of PorTech, Inc. PorTech's tax advisers have recommended two tax planning ideas that will each provide $5 million of current-year cash tax savings. One idea is based on a timing difference and is expected to reverse in full 10 years in the future. The other idea creates a permanent difference that will never reverse. a.) Dtermine whether these ideas will allow PorTech to reduce its reported book income tax expense for the current year. b.) Illustrate in a table or timeline your preferences for one planning strategy over the other. Which idea will you recommend?

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