答案：It should be treated as equity as its full value. 公司continue to grow说明liability reverse的可能性很大，应该是作为liability，为什么答案是作为equity？

13题目：The firm has a deferred tax liability and is expected to have capital expenditures decline in the future. How should the liability be treated for analyst purpose?

答案：The present value should be treated as a liability with the remainder being treated as equity. 不懂 capital expenditures decline 与liability有什么关系哦

还请达人指教！