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Assuming there were no book to tax differences at the beginning of the year, what is the total net DTA or DTL at the end
Assuming there were no book to tax differences at the beginning of the year, what is the total net DTA or DTL at the end of year 20X8 for Company ZBC if it has the following book to tax basis differences at the end of 20X8: Tax-exempt municipal revenue (never recognized in taxable income): Book basis - $600,000 Tax basis - $0 Legal reserve (recognized in book income when accrued but not tax deductible until paid): Book basis - $100,000 Tax basis - $0
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