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In 2015,HD had reported a deferred tax asset of 90 million with no valuation allowance. At December 31 2016, the account balances of HD services

In 2015,HD had reported a deferred tax asset of 90 million with no valuation allowance. At December 31 2016, the account balances of HD services showed a deferred tax asset of 120 million before assesing the need for a valuation allowance and income tax payable of 80 million. HD determined that it was more likely than not that 30% of the deferred tax asset would not be realized. What amount should HD report as income taax expense in its 2016 income statement. Show work.

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