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how do i go about calculation the valuation allownce on DTA for 2018? these are year end balances. what would the journal entry be 2018
how do i go about calculation the valuation allownce on DTA for 2018? these are year end balances. what would the journal entry be
2018 2017 $ Deferred tax assets: Compensation related costs Lease accounting Closed store reserves Net operating loss and credit carryforwards Other 350 $ 348 81 78 4145 110146 54 55 Subtotal Valuation allowance 637 (54) 671 (62) Total deferred tax assets 583 609 Deferred tax liabilities: Depreciation and amortization Insurance related costs Inventory related costs (1,850) (38) (257) (1,892) (32) (253) Total deferred tax liabilities (2,145) (2,177) Deferred taxes $ (1,562) $ (1,568)Step by Step Solution
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