What amount should be added to gore''s deferred income tax, Accounting Basics

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What amount should be added to gore''s deferred income tax

purchased a machine for $720,000 which will be depreciated $72,000 per year for financial statement reporting purposes. For income tax reporting, Gore elected to expense $80,000 and to use straight-line depreciation which will allow a cost recovery deduction of $64,000 for 2011. Assume a present and future enacted income tax rate of 30%. What amount should be added to Gore's deferred income tax liability for this temporary difference.

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Accounting Basics: What amount should be added to gore''s deferred income tax

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Accounting Basics: What amount should be added to gore''s deferred income tax

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Accounting Basics: What amount should be added to gore''s deferred income tax

Reference No:- TGS081577

Recent Questions Asked Accounting Basics

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Q : What amount should be added to gore''s deferred income tax

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Q : In a cross between pure-breeding tall plants

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