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Show the solution: 27. West Corporation leased a building and received the $60,000 annual rental payment on November 1, 2017. Rental income is taxable when

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27. West Corporation leased a building and received the $60,000 annual rental payment on November 1, 2017. Rental income is taxable when received. West's tax rate is 21%. Should West record a deferred tax asset or liability on its December 31, 2017 balance sheet? What is its value? (5 points) 3

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