Ex19-17 Intermediate Accounting

@ ting Started Accessu.-biven. th Kieso, Intermediate Accounting, 16e INTERMEDIATE 1-2-3 (576823) Gradebook ORION Downloadable eTextbook Exercise 19-17 Culver Co. estabishes a $128,000,000 liability at the end of 2017 for the estimated site-cleanup costs at two of its manufacturing facilities. All related closing costs will be paid and deducted on the tax return in 2018. Also, at The enacted tax rate for all years is 40% and the come any pays ta es of $81,920 000 on S204 800 000 of takable inco me in 2017. a her expects to have tautie iam e an 2018. Determine the deferred taxes to be reported at the end of 2017 Deferred tax assets s Deferred tax lablities the end of 2017, the company has $64,000,000 of temporary differences due to excess depreciation for tax purposes, $8,960,000 of which will reverse in 2018. $ $1200000 25600000 SHOW LIST Or ACCOUNTS Indicate how the deferred taxes computed above are to be reported on the balance sheet All Rights Reserved. A Division of Jahn. Wley &. Version 4.24.4 MacBook Air