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Wildhorse Corporation purchased a machine on January 2,2020 , for $3700000. The machine has an estimated 5-year life with no salvage value. The straight-line method
Wildhorse Corporation purchased a machine on January 2,2020 , for $3700000. The machine has an estimated 5-year life with no salvage value. The straight-line method of depreciation is being used for financial statement purposes and the following MACRS amounts will be deducted for tax purposes: Assuming an income tax rate of 20% for all years, the net deferred tax liability that should be reflected on Wildhorse's balance sheet at December 31, 2021 be $5920 $62900 $88800 $0
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