Le Maire Madeleine manufactures the finest clothes in all of Paris. Depreciation on certain sewing machines is as follows:
$$\begin{array} { | l | l | l | l | }
\hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } \
\hline \text { Depreciation Expense } & 500 & 500 & 500 \
\hline \text { Tax Depreciation } & 600 & 500 & 400 \
\hline \text { Enacted Tax Rate } & 20 \% & 30 \% & 40 \% \
\hline
\end{array}$$ It is currently year 0. What is the total non-current portion of deferred tax asset or liability?

Question

Le Maire Madeleine manufactures the finest clothes in all of Paris. Depreciation on certain sewing machines is as follows:
 $$\begin{array} { | l | l | l | l | } 
\hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } \
\hline \text { Depreciation Expense } & 500 & 500 & 500 \
\hline \text { Tax Depreciation } & 600 & 500 & 400 \
\hline \text { Enacted Tax Rate } & 20 \% & 30 \% & 40 \% \
\hline
\end{array}$$ It is currently year 0. What is the total non-current portion of deferred tax asset or liability?

Quizplus · Accepted Answer

The Answer of Le Maire Madeleine manufactures the finest clothes in all of Paris. Depreciation on certain sewing machines is as follows:
 $$\begin{array} { | l | l | l | l | } 
\hline & \text { Year 1 } & \text { Year 2 } & \text { Year 3 } \
\hline \text { Depreciation Expense } & 500 & 500 & 500 \
\hline \text { Tax Depreciation } & 600 & 500 & 400 \
\hline \text { Enacted Tax Rate } & 20 \% & 30 \% & 40 \% \
\hline
\end{array}$$ It is currently year 0. What is the total non-current portion of deferred tax asset or liability?

Le Maire Madeleine Manufactures the Finest Clothes in All of Paris