Anugraham Corp. follows IFRS and began operations in 2014 and reported accounting income of $275,000 for the

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Anugraham Corp. follows IFRS and began operations in 2014 and reported accounting income of $275,000 for the year. Anugraham's CCA exceeded its book depreciation by $40,000. Anugraham's tax rate for 2014 and years thereafter is 35%. In its December 31, 2014 statement of financial position, what amount of deferred tax liability should be reported?
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Intermediate Accounting

ISBN: 978-1118300855

10th Canadian Edition Volume 2

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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