Question: Indigo Corporation has temporary differences at December 31, 2017, that result in the following deferred taxes. Deferred tax liability related to depreciation difference $38,000 Deferred

Indigo Corporation has temporary differences at December 31, 2017, that result in the following deferred taxes.

Deferred tax liability related to depreciation difference

$38,000

Deferred tax asset related to warranty liability

57,400

Deferred tax liability related to revenue recognition

93,600

Deferred tax asset related to litigation accruals

27,800

Indicate how these balances would be presented in Indigo's December 31, 2017, balance sheet.

Note: I have looked at numerous problems like this on the internet to get an explination and formula but when I use the formula, the answer is always incorrect. Thank you for your help.

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