1. Compute the net deffered tax expense (benefit) for 2021

how do you get -10400 benfit?

Wolf Prepare a schedule of the deferred to asset and ability at the end of 2021. Enter the mounting the action preceding the numbers 15 or parentheseses, 1450 Deferred Tax Temporary Difference Future Taxable (Deductible) Amounts Tax Rate (Asseth Depreciation $ 12.000 20 Rent - 192.000 20 * 3400 Totals S 20.30 -300 (e) Your Answer Correct Answer (Used) Compute the net deferred tax expense benefit) for 2021. (Enter negative amount using either angive sign preceding the number -45 or parentheses (45).) $ Net deferred tax for 2021 10,000 benefit) The following information is available for the first three years of operations for Sheridan Company, 1 Year Taxable income 2020 $460,000 2021 310,000 2022 360,000 2 on January 2, 2020, heavy equipment costing $560,000 was purchased. The equipment had a life of 5 years and no salvage value The straight-line method of depreciation is used for book purposes and the tax depreciation taken each year is listed below Tax Depreciation 2020 2021 2022 2023 Total $184.800 $252.000 $84,000 $39,200 $560,000 3 On January 2, 2021, $288,000 was collected in advance for rental of a building for a three-year period. The entire $288,000 was reported as taxable income in 2021, but $192.000 of the $288.000 was reported as unearned revenue at December 31, 2021 for book purposes. The enacted tax rates are 20% for all years. schedule comparingdeoreciation for financial reporting and purposes the numbers are 450 Depreciation for Financial Reporting Depreciation for The purposes Temporary Difference 200 111000 2093 53000 140000 2022 10 DO 2023 3200 7200 2004 11100 113000 500000 eTextbook and Media List of Accounts