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! Required information For 2021, a company has pretax accounting income of $218,000. Included in accounting income is $21,800 in warranty expense that is not

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! Required information For 2021, a company has pretax accounting income of $218,000. Included in accounting income is $21,800 in warranty expense that is not deductible for tax purposes. Additionally, tax depreciation exceeds financial accounting depreciation by $32,700. Assume a tax rate of 30%. Use the information above to answer the questions below. What is taxable income? Taxable incomo: Required information For 2021, a company has pretax accounting income of $218,000. Included in accounting income is $21,800 in warranty expense that is not deductible for tax purposes. Additionally, tax depreciation exceeds financial accounting depreciation by $32,700. Assume a tax rate of 30%. Use the information above to answer the questions below. The Journal entry to record income taxes in 2021 will include a: (Click to select) credit to Deferred Tax Liability for $11,990 debit to Deferred Tax Asset for $6,540 credit to Deferred Tax Liability for $6,540 debit to Deferred Tax Asset for $9,810

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