Current Attempt $in$ Progress

Blue Spruce Corporation has a taxable temporary difference related $to$ net book value versus UCC $of$ $$719,000at$ December $31,$

This difference will reverse $as$ follows: $2024,$$$58,100$;$2025,$$$320,000$; and $2026,$$$340,900.$ Enacted tax rates are $25\%$ for

$2024$ and $2025,$ and $30\%$ for $2026.$

Calculate the amount that Blue Spruce should report $as$ a deferred tax asset $or$ liability $at$ December $31,2023.$

Deferred tax

$tobe$ reported

$

$If$ the tax rate for $2026$ had been $25\%,$ and unexpectedly increased $to30\%at$ the end $of2023,$ how would the increase $in$ the tax rate

for $2026$ have affected the deferred tax asset $or$ liability, and the related expense, $in2023?$

The deferred tax expense and liability would

$in2023by$ $