On January 2, 2019, Brunswick Corp. purchased a depreciable asset for $ 600,000. The asset has an estimated 4-year life with no residual value. Straight-line depreciation is being used for financial statement purposes but the following CCA amounts will be deducted for tax purposes: $\begin{array}{rrrr}
2019 & \$ 150,000 &&& 2022 & \$ 56,250 \
2020 & 225,000 &&& 2023 & 28,125 \
2021 & 112,500 &&& 2024 & 28,125
\end{array}$ Assuming an income tax rate of 30% for all years, the deferred tax liability that should be reflected on Brunswick's SFP at December 31, 2020, should be

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The Answer of On January 2, 2019, Brunswick Corp. purchased a depreciable asset for $ 600,000. The asset has an estimated 4-year life with no residual value. Straight-line depreciation is being used for financial statement purposes but the following CCA amounts will be deducted for tax purposes: $\begin{array}{rrrr}
2019 & \$ 150,000 &&& 2022 & \$ 56,250 \
2020 & 225,000 &&& 2023 & 28,125 \
2021 & 112,500 &&& 2024 & 28,125
\end{array}$ Assuming an income tax rate of 30% for all years, the deferred tax liability that should be reflected on Brunswick's SFP at December 31, 2020, should be