In its first year of operations, Woodmount Corporation reported pretax accounting income of $640 million for the current year. Depreciation reported in the tax return in excess of depreciation in the income statement was $480 million. The excess tax will reverse itself evenly over the next three years. The current year's tax rate of 25% will be reduced under the current law to 30% next year and 35% for all subsequent years. At the end of the current year, the deferred tax liability related to the excess depreciation will be:

At the end of the current year, the deferred tax liability related to the excess depreciation will be 144 million

Explanation:

In order to calculate At the end of the current year, the deferred tax liability related to the excess depreciation we would have to use the following formula:

Deferred tax liability = ($160 million * 25%) + ($160 million * 30%) + ($160 million * 35%)

Deferred tax liability =$40 million + $48 million + $56 million

 Deferred tax liability = $144 million

At the end of the current year, the deferred tax liability related to the excess depreciation will be 144 million

the correct answer would be b, when, queen, calder hall and london.

explanation:

we always capitalize words when a paragraph or sentence is starting, when an important name is used, when a place is being written, or simply when a noun is used, etc. so in this sentence, sentence is starting from 'when', so it will be written in capital letters. secondly, queen is considered to be an important person, so it will also be written in capital letter. next, the name of the town is mentioned, i-e calder hall, which will also be written in capital letters. in the last,   city name is being used, 'london', which will also be written in capital letters. so option b is the most appropriate one.