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5) NED BOOKED THE FOLLOWING ENTRY FOR ITS CURRENT YEAR TAX EXPENSE: INCOME TAX EXPENSE DEFERRED TAX LIABILITY 130,322 TAXES PAYABLE 5,032 125,290 JOHNSON'S DEPRECIATION
5) NED BOOKED THE FOLLOWING ENTRY FOR ITS CURRENT YEAR TAX EXPENSE: INCOME TAX EXPENSE DEFERRED TAX LIABILITY 130,322 TAXES PAYABLE 5,032 125,290 JOHNSON'S DEPRECIATION ACCRUAL FOR THE BEG AND END OF THE YEAR WAS AS FOLLOWS: BEG w9 41 END ? 42,800 JOHNSON'S VACATION ACCRUAL FOR THE BEG AND END OF THE YEAR WAS AS FOLLOWS: BEG END 15,600 17,400 THE APPLICABLE TAX RATE IS 34%, WHAT WAS THE BEG DEPRECIATION BOOK/TAX DIFFERENCE? 26,200
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5) NED BOOKED THE FOLLOWING ENTRY FOR ITS CURRENT YEAR TAX EXPENSE: INCOME TAX EXPENSE 130,322 DEFERRED TAX LIABILITY TAXES PAYABLE 5,032 125,290 JOHNSON'S DEPRECIATION ACCRUAL FOR THE BEG AND END OF THE YEAR WAS AS FOLLOWS: BEG END 42,800 JOHNSON'S VACATION ACCRUAL FOR THE BEG AND END OF THE YEAR WAS AS FOLLOWS: BEG END 15.600 17,400 THE APPLICABLE TAX RATE IS 34%, WHAT WAS THE BEG DEPRECIATION BOOKITAX DIFFERENCE? (5 POINTS 26,200 5) NED BOOKED THE FOLLOWING ENTRY FOR ITS CURRENT YEAR TAX EXPENSE: INCOME TAX EXPENSE 130,322 DEFERRED TAX LIABILITY TAXES PAYABLE 5,032 125,290 JOHNSON'S DEPRECIATION ACCRUAL FOR THE BEG AND END OF THE YEAR WAS AS FOLLOWS: BEG END 42,800 JOHNSON'S VACATION ACCRUAL FOR THE BEG AND END OF THE YEAR WAS AS FOLLOWS: BEG END 15.600 17,400 THE APPLICABLE TAX RATE IS 34%, WHAT WAS THE BEG DEPRECIATION BOOKITAX DIFFERENCE? (5 POINTS 26,200Step by Step Solution
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