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What amount of deferred tax liability should be reported

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Question - Sheridan Corporation began operations in 2017 and reported pretax financial income of $214,000 for the year. Sheridan's tax depreciation exceeded its book depreciation by $33,000. Sheridan's tax rate for 2017 and years thereafter is 30%. In its December 31, 2017, balance sheet, what amount of deferred tax liability should be reported?

Reference no: EM131945303

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