Question

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)


$1.99
Sales0
Views78
Comments0
  • CreatedMay 25, 2015
  • Files Included
Post your question
5000