Question: Aeliah Inc. has had no permanent or temporary differences since it began operations. Information regarding taxable income and taxes paid is as follows: Year 2018

 Aeliah Inc. has had no permanent or temporary differences since it

Aeliah Inc. has had no permanent or temporary differences since it began operations. Information regarding taxable income and taxes paid is as follows: Year 2018 2019 Taxable income (Loss) (50,000) 60,000 Tax Rate 25% 2596 Taxes Paid 0 ? The applicable future tax rate is also 25%. Assume that the net operating loss in 2018 is carried forward and produces a deferred tax asset on the balance sheet. Based on this information, what will the deferred tax asset balance be at the end of 2019

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