Calculate the balance of this deferred tax liability

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Sena Company had an $80,000 originating temporary difference in 2019 that led to a deferred tax liability. Sena's tax rate for 2019 was 30%, but tax rates for future years have already been enacted as follows:

2020-25%

2021-24% and

2022-22%.

The temporary difference is expected to reverse in the following amounts

2020-$30,000

2021-$40,000 and

2022-$50,000.

problem 1: Calculate the balance of this deferred tax liability at the end of 2019.

Reference no: EM132844245

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