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Alpha began operations in 2015. It reported $500 in revenues. It reported $200 depreciation expense on its 2015 tax return; however, it reported $50 depreciation
Alpha began operations in 2015. It reported $500 in revenues. It reported $200 depreciation expense on its 2015 tax return; however, it reported $50 depreciation expense on its 2015 income statement. The difference in depreciation (Alphas only book-tax difference) is a temporary book-tax difference that will reverse over time. Assuming a constant tax rate of 30%. What is the amount of the change in the deferred income tax liability (DTL) for 2015? ) Assume depreciation was the only expense Alpha had for 2015. How much is 2015 net income
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