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How much income tax expense did Wyhowski record each year? When calculating income. Wyhovska deducted depreciation on plant equipment. The equipment was purchased January 1,

How much income tax expense did Wyhowski record each year? image text in transcribed
When calculating income. Wyhovska deducted depreciation on plant equipment. The equipment was purchased January 1, 2015 at a cost of $206,000. The equipment is expected to last three year a(r) $17,000 salvage value. Wyhowski uses straight-line depreciation for bock purposes. For tax purposes, depreciation on the equipment is $118,000 in 2015, $47,000 in 2016, and $2,000 in 20 wyhowski's tax rate is 35% Required: Enter all amounts as positive numbers. 1. How much did wyhovskipay in income tax each year? af required, round calculations to the nearest dollar, Year Taxes Paid 2015 154,350 2016 204,050 2017 246,400 2. How much income tax expendid Wybowski record each year Year Income Tax Expense 2015 113,050 X 2016 209,650 X 2017 260,050 x 3. What the balance in the Deferred Income Tax account at the end of 2015, 2016. ad 2017 your answer a ser una redundante delle Balance 19,250 Debitor Credit Credit 2015 13,650 Credit / No balance

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