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Prepare the necessary journal entry for indigo corporation

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Reference no: EM132773724

At December 31, 2017, Indigo Corporation has a deferred tax asset of $206,000. After a careful review of all available evidence, it is determined that it is more likely than not that $61,800 of this deferred tax asset will not be realized.

Problem 1: Prepare the necessary journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Reference no: EM132773724

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