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Question 6 At December 31, 2020, Swifty Corporation had an estimated warranty liability of $100,000 for accounting purposes and $0 for tax purposes. (The warranty

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Question 6 At December 31, 2020, Swifty Corporation had an estimated warranty liability of $100,000 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until paid.) The effective tax rate is 20%. Compute the amount Swifty should report as a deferred tax asset at December 31, 2020. Deferred tax asset at December 31, 2020

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