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Blossom Corporation purchased a machine on January 2, 2024, for $5000000. The machine has an estimated 5-year life with no salvage value. The straight-line method

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Blossom Corporation purchased a machine on January 2, 2024, for $5000000. The machine has an estimated 5-year life with no salvage value. The straight-line method of depreciation is being used for financial statement purposes and the following MACRS amounts will be deducted for tax purposes: Assuming an income tax rate of 20% for all years, the net deferred tax liability reported on Blossom's balance sheet at December 31 , 2025 is $112000.$120000$0.$8000

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