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The company revalued plant at the beginning of the year from $ 3 4 0 0 0 0 to $ 6 0 0 0 0
The company revalued plant at the beginning of the year from $ to $ The plant is being depreciated at the rate of per year for accounting purposes and per year for tax purposes. The company tax rate is Prepare the endofperiod adjustment journal entries for the deferred tax account in relation to the above situation.
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