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What amount of deferred tax liability should be reported

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Question - Oxford Corporation began operations in 2012 and reported pretax financial income of $220,800 for the year. Oxford's tax depreciation exceeded its book depreciation by $36,800. Oxford's tax rate for 2012 and years thereafter is 30%.

In its December 31, 2012 balance sheet, what amount of deferred tax liability should be reported?

Reference no: EM131808977

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