Business, 12.03.2021 15:10 lealaslee858
Parson's pretax accounting income in 20X2 is $100,000. Parson deducts depreciation for tax purposes in excess of accounting depreciation of $5,000 in 20X1 and $10,000 in 20X2. It is expected the depreciation deduction will reverse $7,000 in 20X3 and $8,000 in 20X4. The income tax rate is 40%. What is the amount in the deferred tax liability account at the end of 20X2
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Parson's pretax accounting income in 20X2 is $100,000. Parson deducts depreciation for tax purposes...
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