Hoffmans hotel has total revenue of 900000 expenses other

Reference no: EM13597477

Hoffman's Hotel has total revenue of $900,000; expenses other than depreciation of $400,000; depreciation expense for tax purposes of $250,000; and depreciation expense of $180,000 for reporting purposes. The tax rate is 35%. Calculate net income for reporting purposes and tax purposes and also calculate the deferred tax liability.

Reference no: EM13597477

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