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At December 3 1 , 2 0 2 5 , Concord Corporation had an estimated warranty liability of $ 1 0 2 , 0 0

At December 31,2025, Concord Corporation had an estimated warranty liability of
$102,000 for accounting purposes and $0 for tax purposes. (The warranty costs are not
deductible until paid.) The effective tax rate is 20%.
Compute the amount Concord should report as a deferred tax asset at December 31,
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