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How much would appear on the balance sheet

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Question - Braxtin Co. has a deferred tax asset at December 31, 2020 of $1,146,000 from an operating loss carryforward. The enacted tax rate for 2017-2019 was 20%; 25% for 2020; and 28% for 2021 and thereafter. If management expects that only 30% of the NOL benefit will actually be realized, how much would appear on the balance sheet?

a. $515,700

b. $343,800

c. $286,500

d. $802,200

Reference no: EM133067877

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