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Compute the companys deferred income tax expense or benefit

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Harrison corporation reported a pre tax book income of $825,000, tax depreciation exceeded book depreciation by $560,000. In addition, the company received $315,000 of tax exempt municipal bond interest. The company's prior year tax return showed taxable income of $25,000.

Question 1: Compute the company's deferred income tax expense or benefit.

Reference no: EM132466863

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