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Compute the amount of deferred taxes

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Reference no: EM133011399

Problem - A company has a total annual revenue of $2,000,000, expenses other than warranty and depreciation of $1,000,000, expected warranty expense of 4% of revenue (non-deductible for tax purposes), depreciation expense of $100,000 for tax accounting and $50,000 for financial reporting Assume 35% tax rate. Compute the amount of deferred taxes?

Reference no: EM133011399

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