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Martinez Corporation began operations in 2025 and reported pretax financial income of $224,000 for the year. Martinez's tax depreciation exceeded its book depreciation by $44,000.
Martinez Corporation began operations in 2025 and reported pretax financial income of $224,000 for the year. Martinez's tax depreciation exceeded its book depreciation by $44,000. Martinez's tax rate for 2025 and years thereafter is 40%. In its December 31 . 2025, balance sheet, what amount of deferred tax liability should be reported? Deferred taxliability to be reported
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