For its first year of operations, Tringali Corporation's reconciliation of pretax accounting income to taxable income...

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For its first year of operations, Tringali Corporations reconciliation of pretax accounting income to taxable income is as f

business accounting

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Answer 1

Answer #1

Answer) $4875

Explanation:

Deferred tax liability or asset is created only for taxes on temporary differences, not permanent differences.

So, deferred tax liability on depreciation is $19500 x 25% = 4875

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Answer 2

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