Mazur Corp. follows IFRS and began operations in 2023 and reported accounting income of $275,000 for the

Question:

Mazur Corp. follows IFRS and began operations in 2023 and reported accounting income of $275,000 for the year. Mazur’s CCA exceeded its book depreciation by $40,000. Mazur’s tax rate for 2023 and years thereafter is 30%. In its December 31, 2023 SFP, what amount of deferred tax liability should be reported?

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