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On January 1, 2012, ABC reported a deferred tax liability of 1,000,000 and a deferred tax asset of 400,000 and on December 31, 2012, the

On January 1, 2012, ABC reported a deferred tax liability of 1,000,000 and a deferred tax asset of 400,000 and on December 31, 2012, the entity reported a deferred tax liability of 1,500,000 and a deferred tax asset of zero. What is the amount of deferred tax expense for the year 2012?

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