A reconciliation of Gentry Company's pretax accounting income with its taxable income for 2010, its first year of operations, is as follows:

The excess tax depreciation will result in equal net taxable amounts in each of the next three years.Enacted tax rates are 40% in 2010, 35% in 2011 and 2012, and 30% in 2013.The total deferred tax liability to be reported on Gentry's statement of financial position at December 31, 2010, is

Question

A reconciliation of Gentry Company's pretax accounting income with its taxable income for 2010, its first year of operations, is as follows:

The excess tax depreciation will result in equal net taxable amounts in each of the next three years.Enacted tax rates are 40% in 2010, 35% in 2011 and 2012, and 30% in 2013.The total deferred tax liability to be reported on Gentry's statement of financial position at December 31, 2010, is

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The Answer of A reconciliation of Gentry Company's pretax accounting income with its taxable income for 2010, its first year of operations, is as follows:

The excess tax depreciation will result in equal net taxable amounts in each of the next three years.Enacted tax rates are 40% in 2010, 35% in 2011 and 2012, and 30% in 2013.The total deferred tax liability to be reported on Gentry's statement of financial position at December 31, 2010, is

A Reconciliation of Gentry Company's Pretax Accounting Income with Its