There are several bridges along highway 280 which are free to ride on. this bridge was built and is being maintained by the not the "free" market. let's think about why that is the the economic logic of government ownership and having a marginal price of 0 (that is, it is free to cross the bridge) is: a. bridges are public goods because they are non-excludable and non-rival.
b. the owner of the bridge has a natural monopoly and the marginal cost of production (letting another car drive across it) is close to zero.
c. only the government can be trusted to build a sophisticated structure such as a bridge.
d.
there is no justification for government intervention here. this should be left to the free market.

Martinez company has the following two temporary differences between its income tax expense and income taxes payable. 2017 2018 2019 pretax financial income $873,000 $866,000 $947,000 (2017' 2018, 2019) excess depreciation expense on tax return (29,400 ) (39,000 ) (9,600 ) (2017' 2018, 2019) excess warranty expense in financial income 20,000 9,900 8,300 (2017' 2018, 2019) taxable income $863,600 $836,900 $945,700(2017' 2018, 2019) the income tax rate for all years is 40%. instructions: a. prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017, 2018, and 2019. b. assuming there were no temporary differences prior to 2016, indicate how deferred taxes will be reported on the 2016 balance sheet. button's warranty is for 12 months. c. prepare the income tax expense section of the income statement for 2017, beginning with the line, "pretax financial income."