A company has a temporary difference due to accelerated tax depreciation of $200,000 and book depreciation of $150,000. The tax rate is 25%. Calculate the deferred tax liability. Discuss the significance of recognizing deferred tax liabilities and assets in financial reporting. Analyze how temporary differences between book and tax treatment of income and expenses lead to deferred tax recognition. Consider the impact of changes in tax rates on deferred tax balances. Discuss the strategic importance of managing deferred tax liabilities and assets, including tax planning, timing of income and expenses, and financial reporting transparency. Explain how deferred tax liabilities and assets can affect the company’s financial statements and tax obligations. Discuss the role of deferred taxes in financial planning and performance evaluation, and how they provide insights into future tax impacts.