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Cullumber Technology Inc. began operations in 2017 and reported pretax financial income of $491,000 for the year. Cullumbers tax depreciation exceeded its book depreciation by
Cullumber Technology Inc. began operations in 2017 and reported pretax financial income of $491,000 for the year. Cullumbers tax depreciation exceeded its book depreciation by $46,000. Cullumbers tax rate for 2017 and years thereafter is 35%. In its December 31, 2017, balance sheet, what amount of deferred tax liability should be reported?
Deferred tax liability? $_______________
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