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Brief Exercise 19-2 Ivanhoe Corporation began operations in 2017 and reported pretax financial income of $226,000 for the year. Ivanhoes tax depreciation exceeded its book
Brief Exercise 19-2
Ivanhoe Corporation began operations in 2017 and reported pretax financial income of $226,000 for the year. Ivanhoes tax depreciation exceeded its book depreciation by $39,000. Ivanhoes tax rate for 2017 and years thereafter is 30%. In its December 31, 2017, balance sheet, what amount of deferred tax liability should be reported?
Deferred tax liability to be reported | $ |
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