Jerome Co. has the following deferred tax liabilities at December 31, 2018:

Amount Related to

$100,000 Installment sales, expected to be collected in 2019

$350,000 Fixed asset, 10-year remaining useful life, 2018 tax depreciation exceeds book depreciation

$90,000 Prepaid insurance related to 2019

What amount would Jerome Co. report as a noncurrent deferred tax liability under

IFRS and under GAAP?

Your answer is incorrect. Try again.

$0 $450,000 $540,000 $350,000 $350,000 $350,000 $540,000 $540,000