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Nash Corporation began operations in 2020 and reported pretax financial income of $205,000 for the year. Nash's tax depreciation exceeded its book depreciation by $42,000.

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Nash Corporation began operations in 2020 and reported pretax financial income of $205,000 for the year. Nash's tax depreciation exceeded its book depreciation by \$42,000. Nash's tax rate for 2020 and years thereafter is 30%. In its December 31,2020 , balance sheet, what amount of deferred tax liability should be reported? Deferred tax liability to be reported

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