Fresno Transportation owns a fleet of 50 semi-trucks. The original cost of the fleet At the end of fiscal year 2018, the GAAP book value of the fleet was $6,230,000, was $7,500,000. Fresno uses straight-line depreciation for the fleet for accounting while the tax book value was $5,610,000. Fresno's taxable income for fiscal year purposes, and MACRS depreciation for tax purposes. The company had a 2018 was $6,400,000. Its tax rate was 40%. deferred tax liability balance of $220,000 at the end of fiscal year 2017 related to the fleet. Read the requirements. Requirement 1. Calculate the deferred tax liability related to the fleet as of the end of fiscal year 2018. The deferred tax liability as of the end of fiscal year 2018 is Requirements 1. Calculate the deferred tax liability related to the fleet as of the end of fiscal year 2018. 2. Record the tax accrual for 2018 as of the end of fiscal year 2018. Print Done