Information for Kent Corporation for the year 2024: Reconciliation of pretax accounting income and taxable income:...
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Information for Kent Corporation for the year 2024: Reconciliation of pretax accounting income and taxable income: Pretax accounting income Permanent differences Temporary difference-depreciation Taxable income $ 179,900 (16,200) 163,700 (13,300) $ 150,400 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2023 As of December 31, 2024 $ 13,700 $ 27,000 The enacted tax rate was 27% for 2023 and thereafter. What should be the balance in Kent's deferred tax liability account as of December 31, 2024? Information for Kent Corporation for the year 2024: Reconciliation of pretax accounting income and taxable income: Pretax accounting income Permanent differences Temporary difference-depreciation Taxable income $ 179,900 (16,200) 163,700 (13,300) $ 150,400 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2023 As of December 31, 2024 $ 13,700 $ 27,000 The enacted tax rate was 27% for 2023 and thereafter. What should be the balance in Kent's deferred tax liability account as of December 31, 2024?
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