Question 7 (3 points) Listen Sun Corporation has totalannual revenue of $ 1,000,000. They use accelerated depreciation for tax purposes and straight line depreciation for financial reporting purposes. Their expenses other than depreciation is $ $ 250,000. The straight line depreciation expense is $ 60,000 and their accelerated depreciation expense is $80,000. The tax rate is 30 %. What is the amount of deferred tax liability? $8000 $14,000 $6000 $ 20,000 Question 8 (1 point) Listen Which type of firm would most likely carry the most work in process inventory?