= At December 31, 2019, Bramble Company had a net deferred tax liability of $408.500. An explanation of the items that compose this balance is as follows. Temporary Differences Resulting Balances in Deferred Taxes 1. Excess of tax depreciation over book depreciation $216,000 2. Accrual, for book purposes, of estimated loss contingency from pending lawsuit that is expected to be settled in 2020. The loss will be deducted on the tax return when paid. (47.900 3. Accrual method used for book purposes and installment method used for tax purposes for an isolated installment sale of an investment. 240.400 $408.500 In analyzing the temporary differences, you find that $33.000 of the depreciation temporary difference will reverse in 2020, and $114,200 of the temporary difference due to the installment sale will reverse in 2020. The tax rate for all years is 20%. Indicate the manner in which deferred taxes should be presented on Bramble Company's December 31, 2019. balance sheet. e to search 87F Partly sunny unu, u Puuuuuuueuepreualiuli lemporary aitrerence will reverse in $114,200 of the temporary difference due to the installment sale will reverse in 2020. The tax rate for all years is 20%. Indicate the manner in which deferred taxes should be presented on Bramble Company's December 31, 2019, balance Bramble Company Balance Sheet (Partial) December 31, 2019 Current Assets Deferred Tax Asset $ e Textbook and Media List of Accounts Save For Later Attempts: 1 of 3 used Subr