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Could you explain the solution? At the end of Year 6, the tax effects of temporary differences reported in Maple Company's year-end financial statements were

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At the end of Year 6, the tax effects of temporary differences reported in Maple Company's year-end financial statements were as follows: (Click the icon to view the temporary differences.) A valuation allowance was not considered necessary. Maple anticipates that $40,000 of the deferred tax liability will reverse in Year 7, that actual warranty costs will be incurred evenly in Years 8 and 9, and that the NOL carryforward will be used in Year 7. On Maple's December 31, Year 6 balance sheet, what amount should be reported as a non-current deferred tax asset under U.S. GAAP? Assume all deferred accounts are from the same taxing jurisdiction. .. More info A $160,000 OB. $280.000 O C. $240,000 Deferred tax assets (liabilities) $(120,000) 80,000 200,000 Accelerated tax depreciation Warranty expense NOL carryforward OD. $200,000 $160,000 Total Print Done

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