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ABC began operations in 2018 and reported $15735 in income before income taxes for the year. ABC's 2018 tax depreciation exceeded its book depreciation by
ABC began operations in 2018 and reported $15735 in income before income taxes for the year. ABC's 2018 tax depreciation exceeded its book depreciation by $636. ABC also had nondeductible book expenses of $520 related to permanent differences. . ABC's tax rates are 43% for 2018, and 29% thereafter. In its December 31, 2018, balance sheet, what amount of deferred income tax liability should ABC report
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