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Deferred Tax Liabilities On the financial statements, the company will depreciate the asset by $50...

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Accounting

Deferred Tax Liabilities

On the financial statements, the company will depreciate the asset by $50 in year 1

For tax purposes, the company will depreciate the asset by $100 in year 1

Taxes are paid at a rate of 40%

How do you record this (Accounting 1)

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