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A company purchases an asset with a 5-year depreciable life for $75,00 with no expected salvage value. The company uses straight line depreciation for financial
A company purchases an asset with a 5-year depreciable life for $75,00 with no expected salvage value.
The company uses straight line depreciation for financial statements and uses double-declining for tax accounting. Assume a tax rate of 34%.
What is the value of the company's deferred tax account at the end of the second year?
Enter your answer as a whole number with no commas and no dollar sign.
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