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Business, 12.03.2021 15:00 simeragrundy14

Rosa's pretax accounting income in 20X2 is $3,000. Rosa deducts depreciation for tax purposes in excess of accounting depreciation of $300 in 20X1 and $700 in 20X2. It is expected the depreciation deduction will reverse $500 in 20X3 and $500 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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Rosa's pretax accounting income in 20X2 is $3,000. Rosa deducts depreciation for tax purposes in exc...
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