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Question 1 The book basis of depreciable assets for Crane Co. is $720,000, and the tax basis is $560,000 at the end of 2021. The

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Question 1 The book basis of depreciable assets for Crane Co. is $720,000, and the tax basis is $560,000 at the end of 2021. The enacted tax rate is 17% for all periods. Determine the amount of deferred taxes to be reported on the balance sheet at the end of 2021. Amount of deferred taxess Show Work is REQUIRED for this question: Open Show Work

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