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Find deferred tax liability balance at the end of the year

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DCo buys PP&E for $200. The useful life of the PP&E is 2 years and the salvage value is $0. Assume a tax rate of 25%. [For convenience, you can assume that taxable and financial reporting revenues for years 1 and 2 are $130 each.]

                                                         Year 1             Year 2

Depreciation for financial reporting.           $100               $100

Depreciation for taxes.                              $120               $80

Question 1: Find Deferred tax liability (asset) balance at the end of the year [Not the change over the year].

Reference no: EM132976690

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