Wright Co., organized on January 2, 2010, had pretax accounting income of $880000 and taxable income of $1600000 for the year ended December 31, 2010. the only temp. difference are warranty costs paid as follows:
2011 240k
2012 120k
2013 120k
2041 240k
Enacted income tax rates are as follows:
2010 35%; 2011-2013 30%; 2014 25%. If the company expects taxable income for future yrs, the deferred tax assets on the Dec 31, 2010 balance sheet would be (what amount)?