Information for Kent Corp. for the year 2021:
Reconciliation of pretax accounting income and...
Information for Kent Corp. for the year 2021:
Reconciliation of pretax accounting income and taxable income:
Pretax accounting income $ 179,100
Permanent differences (13,600 ) 165,500
Temporary difference-depreciation (11,700 )
Taxable income $ 153,800
Cumulative future taxable amounts all from depreciation temporary differences:
As of December 31, 2020 $ 12,500
As of December 31, 2021 $ 24,200
The enacted tax rate was 21% for 2020 and thereafter.
What should be the balance in Kent's deferred tax liability account as of December 31, 2021?
Answers: 3
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