Question: Travis Co . began operations in 2 0 2 4 and reported ( $ 4 4 0 , 0 0 0 )

Travis Co. began operations in 2024 and reported \(\$ 440,000\) in income before income taxes for the year. Travis's 2024 tax depreciation exceeded its book depreciation by \(\$ 100,000\). Travis also had nondeductible book expenses of \(\$ 18,000\) related to permanent differences. Travis's tax rate for 2024 was \(30\%\), and the enacted rate for years after 2024 is \(35\%\). In its December 31,2024, balance sheet, the amount of deferred income tax liability Travis reports would be: \$30,000\$35,000\$41,300\$35,400
Travis Co . began operations in 2 0 2 4 and

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