At December 31, 2023, Watzman Inc. owned equipment that had a book value of $178,000 and a

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At December 31, 2023, Watzman Inc. owned equipment that had a book value of $178,000 and a tax base of $136,000 due to the use of different depreciation methods for accounting and tax purposes. The enacted tax rate is 30%. Calculate the amount that Watzman should report as a deferred tax liability at December 31, 2023.

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Related Book For  answer-question

Intermediate Accounting Volume 2

ISBN: 9781119740445

13th Canadian Edition

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

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