Business, 03.08.2019 06:10, kristaaune2374

In year 1, ling estimates warranty expense of $60,000 for financial reporting purposes. the amount of warranties deducted on the tax return was $40,000. the difference will be deducted on the tax return in the following year. the income tax rate is 40%. what is the balance in the deferred tax asset account at the end of year 1?

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In year 1, ling estimates warranty expense of $60,000 for financial reporting purposes. the amount o...