At December 31, 2014, Naifa Inc. owned equipment that had a book value of $145,000 and a

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At December 31, 2014, Naifa Inc. owned equipment that had a book value of $145,000 and a tax base of $114,000 due to the use of different depreciation methods for accounting and tax purposes. The enacted tax rate is 30%. Calculate the amount that Naifa should report as a deferred tax liability at December 31, 2014.
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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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