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Carla Vista Corporation purchased equipment very late in 2 0 2 3 . Based on generous capital cost allowance rates provided in the Income Tax

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Carla Vista Corporation purchased equipment very late in 2023. Based on generous capital cost allowance rates provided in the Income Tax Act, Carla Vista claimed CCA on its 2023 tax return but did not record any depreciation because the equipment was being tested. This temporary difference will reverse and cause taxable amounts of $30,900 in 2024,$34,300 in 2025, and $41,800 in 2026. Carla Vista's accounting income for 2023 is $236,000 and the tax rate is 30% for all years. There are no deferred tax accounts at the beginning of 2023.
Calculate the deferred tax balance at December 31,2023.
Deferred tax
$
eTextbook and Media
List of Accounts
Calculate taxable income and income tax payable for 2023.
Taxable income $
Income tax payable $
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