13. For calendar year 2018, King Corp. reported depreciation of $1,600,000 in its income statement. On its 2018 income tax return, King reported depreciation of $2,400,000. King's income statement also included $300,000 accrued warranty expense that will be deducted for tax purposes when paid. Kane's enacted tax rates are 30% for 2018 and 2019, and 24% for 2020 and 2021. The depreciation difference and warranty expense will reverse over the next three years as follows: 2019 2020 2021 $320,000 280,000 200,000 60,000 100,000 140,000