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Business, 02.04.2020 18:02 xbeatdroperzx

Carla Vista Corporation purchased a machine on January 2, 2020, for $4700000. 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:

2020 $940000
2023 $540500
2021 1504000
2024 540500
2022 902400
2025 272600

Assuming an income tax rate of 20% for all years, the net deferred tax liability that should be reflected on Carla Vista's balance sheet at December 31, 2021 be .

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