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At December 31, 2020, Bridgeport Inc. owned equipment that had a book value of $186,500 and a tax base of $133,000 due to the use
At December 31, 2020, Bridgeport Inc. owned equipment that had a book value of $186,500 and a tax base of $133,000 due to the use of different depreciation methods for accounting and tax purposes. The enacted tax rate is 30%. Calculate the amount that Bridgeport should report as a deferred tax liability at December 31, 2020. Deferred tax liability $
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