Question $4$

$3$ pts

In December $2022,$ Carl's Lawn Service purchased a flat bed pick$-$up truck for $$60,000$ that was place in service in January $2023.$ For tax purposes, the cost of the truck was expensed in $2022.$ For financial reporting purposes the truck is being depreciated evenly over five years beginning in $2023,$ $$12,000$ each year $($assume no salvage value$).$ The firm's tax rate is: $40\%$ for $2022$ and $2023$

$30\%$ for all years after $2023$

What will be the amount of Deferred Tax Liability, related to the truck, reported on Carl's $\frac{12}{31}\frac{?}{22}$ balance sheet?

$$60,000$

$$18,000$

$$24,000$

$$19,200$