On January 2, Year 5, Arizona Corp. purchased a depreciable asset for $600,000. The asset has an estimated six-year life with no residual value. Straight-line depreciation is being used for financial statement purposes, The CCA rate is 30%, and the 1-and-a-half-year rule for CCA in the year of purchase is in effect. Assuming an income tax rate of 30% for all years, the deferred tax liability that should be reflected on Arizonas statement of financial position at December 31, Year 6, should be:

Select one:

a.

$9,300

b.

$10,000

c.

$31,000

d.

$50,700

The Correct Answer is 50,700.00 Please let me how my institute solved that