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Business, 24.01.2020 21:31 cutiecat66

Lehman corporation purchased a machine on january 2, 2013, for $3,000,000. the machine has an estimated 5-year life with no salvage 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:

2013 $600,000 2016 $345,000 2014 960,000 2017 345,000 2015 576,000 2018 174,000 assuming an income tax rate of 30% for all years, the net deferred tax liability that should be reflected on lehman's balance sheet at december 31, 2014 be deferred tax liability current noncurrent a. $100,800 $7,200 b. $108,000 $0 c. $0 $108,000 d. $7,200 $100,800

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Lehman corporation purchased a machine on january 2, 2013, for $3,000,000. the machine has an estima...
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