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Title: EGR Corporation has one asset worth $450,000. Depreciation accumulated to date is $190,000 Post by: jloper25 on Aug 31, 2018 EGR Corporation has one asset worth $450,000. Depreciation accumulated to date is $190,000
and accumulated CCA is $220,000. The Corporation also recorded warranty expense of $30,000. To date no customers have required warranty service. Assuming the tax rate is 40% what is the income tax implication? A) A Deferred income tax asset of $30,000 B) No temporary differences C) A Deferred income tax asset of $12,000 D) A Deferred income tax liability of $12,000 Title: EGR Corporation has one asset worth $450,000. Depreciation accumulated to date is $190,000 Post by: msalem55 on Aug 31, 2018 Content hidden
Title: EGR Corporation has one asset worth $450,000. Depreciation accumulated to date is $190,000 Post by: jloper25 on Aug 31, 2018 :-] I'm impressed
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