Bonita Corporation has a cumulative temporary difference related to depreciation of $593,000 at December 31, 2025. This difference will reverse as follows: 2026, $46,000; 2027, $243,000; and 2028, $304,000. Enacted tax rates are 17% for 2026 and 2027, and 20% for 2028. Compute the amount Bonita should report as a deferred tax liability at December 31, 2025. Deferred tax liability at December 31, 2025 $

Bonita Corporation has a cumulative temporary difference related to depreciation of $593,000 at December 31, 2025. This difference will reverse as follows: 2026, $46,000; 2027, $243,000; and 2028, $304,000. Enacted tax rates are 17% for 2026 and 2027, and 20% for 2028. Compute the amount Bonita should report as a deferred tax liability at December 31, 2025. Deferred tax liability at December 31, 2025 $

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter20: Corporations And Parterships

Section: Chapter Questions

Problem 15DQ

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