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Home Q & A Board Other Fields Homework Help Business Accounting
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werstlingbum werstlingbum
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5 years ago
Greene Co. has pretax book income for the year ended December 31, 2015 in the amount of $275,000 and has a tax rate of 40%. Depreciation for tax purposes exceeded book depreciation by $13,500.

What should Greene Co. record as its deferred tax liability for 2015?
A) $0
B) $5,400
C) $104,600
D) $110,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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choih94choih94
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5 years ago
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werstlingbum Author
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#2
5 years ago
Just confirmed the same answer from my friend, thanks
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