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Snappi's Company has a cumulative temporary difference related to depreciation of $544,000 at 12/31/20. This difference is expected to reverse as follows: 2021 50,000 2022
| Snappi's Company has a cumulative temporary difference related to depreciation of $544,000 at 12/31/20. This difference is expected to reverse as follows: | ||||||||||||||
| 2021 | 50,000 | |||||||||||||
| 2022 | 120,000 | |||||||||||||
| 2023 | 180,000 | |||||||||||||
| 2024 | 194,000 | |||||||||||||
| Enacted tax rates are 21% for 2021 and 2022, and 23% for 2023 and thereafter. What amount should Snappi report as a deferred tax liability at 12/31/20? | ||||||||||||||
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