Question: Based on the facts and results of Problem 41 and

Based on the facts and results of Problem 41 and the beginning-of-the-year book-tax basis differences listed below, determine the change in Relix’s deferred tax liabilities for the current year.
Beginning of Year
Building—accumulated depreciation ............ ($57,000)
Furniture & fixtures—accumulated depreciation ...... (4,200)
Subtotal ...................... ($61,200)
Applicable tax rate ................... x 34%
Gross deferred tax liability ............... ($20,808)

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  • CreatedMay 25, 2015
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