Oxford SA began operations in 2019 and reported pretax financial income of 225,000 for the year. Oxford's

Question:

Oxford SA began operations in 2019 and reported pretax financial income of €225,000 for the year. Oxford's tax depreciation exceeded its book depreciation by €40,000. Oxford's tax rate for 2019 and years thereafter is 30%. In its December 31, 2019, statement of financial position, what amount of deferred tax liability should be reported?

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