Question: please answer with current tax rules Harrison Corporation reported pretax book income of $627500. Tax depreciation exceeded book depreciation by $490,000. In addition, the company
please answer with current tax rules
Harrison Corporation reported pretax book income of $627500. Tax depreciation exceeded book depreciation by $490,000. In addition, the company received $290,000 of tax-exempt municipal bond interest. The company's prior-year tax return showed taxable income of $61,000. Compute the company's deferred income tax expense or benefit. $ 90,090 Deferred income tax expense
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