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During its first year of operations, ABC Co . reported income before taxes of $ 5 5 0 , 0 0 0 and taxable income
During its first year of operations, ABC Co reported income before taxes of $ and taxable income of $ The difference was due solely to book depreciation of $ and tax depreciation of $ The effective tax rate for the current and future years is Assuming this is the only temporary or permanent difference in book and taxable income, what amount of Deferred Tax Asset DTA or Deferred Tax Liability DTL would ABC record at year end?
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