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Business, 30.03.2021 04:10 gagem1278

For calendar year 3, Clark Corp. had depreciation of $300,000 on its income statement. On its Year 3 tax return, Clark had depreciation of $500,000. Clark's income statement also included $50,000 accrued warranty expense that will be deducted for tax purposes when paid in a future year. Clark's enacted tax rates was 25% for all years. These were Clark's only temporary differences. The total deferred tax expense for year 3 should be:

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For calendar year 3, Clark Corp. had depreciation of $300,000 on its income statement. On its Year 3...
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