Pharoah Corporation purchased a machine on January 2, 2017, for $4400000. The machine has an estimated S-year Me with no savage value. The stat for Financial statement purposes and the following MACS amounts will be deducted for tax purposes: e method of depreciation is being wed 2017 2018 2019 $880000 1408000 844800 2020 2021 2022 $506000 506000 255200 Assuming an income tax rate of 40% for all years, the net deferred tax habity that should be reflected on Pharoah's balance sheet at December 31, 2018 be $211200 $149600 $14080 $0