Question $7$

$3$ pts

In $2021,$ Amity's Lawn Service had $$80,000$ excess tax deprecation for taxes. This temporary difference will reverse evenly over four years beginning in $2022.$ The firm's tax rate is $25\%$ for $2021$ and $2022$ and $20\%$ for all years after $2022.$ What is the deferred tax liability that will be reported on Amity's $12/31/21$ balance sheet?

$$ $$16,000$

$$24,000$

$$17,000$

$$20,000$