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Business, 24.10.2019 20:43 TheOverlordOfWhales
Hardy welders inc. had purchased a machine at the beginning of year 1 for $2,000,000. the machine has a useful life of 10 years and a book value of $1,800,000 at the beginning of year 2. hardy depreciates the machine on a straight line basis for financial reporting purposes but fully depreciates it on the date of purchase for tax purposes. hardy pays taxes at a rate of 25%. hardy’s year 2 balance sheet should include a deferred tax liability of:
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Hardy welders inc. had purchased a machine at the beginning of year 1 for $2,000,000. the machine ha...
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