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seraphim [82]
3 years ago
14

Cullumber Corporation purchased a machine on January 2, 2020, for $4100000. The machine has an estimated 5-year life with no sal

vage value. The straight-line method of depreciation is being used for financial statement purposes and the following MACRS amounts will be deducted for tax purposes:
2020 $800,000
2023 $460,000
2021 1,280,000
2024 460,000
2022 768,000
2025 232,000

Assuming an income tax rate of 20% for all years, the net deferred tax liability that should be reflected on Lehman's balance sheet at December 31, 2021 be:________
Business
2 answers:
zimovet [89]3 years ago
5 0

Answer:

Currently, the income statement for company Grace reflects a total period cost for depreciation of $7,876,000

KIM [24]3 years ago
3 0

Explanation:

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