Quiz 4 - Excess Depreciation Taxable Income 2 Income Tax...

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Emir Ibrahimovic ACC311 Quiz – C16 1. Pretax Accounting Income $100,000 $3,500 ($1,400) $102,100 . $3,000 ($30,000) ($20,000) $55,100 + Non Deductible Violation Fee Permanent Difference: Tax Exempt Adjusted Financial Income Temporary: Originating DTA - Warranty DTL Excess Construction
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Unformatted text preview: Excess Depreciation Taxable Income 2. Income Tax $36,140 DTA $900 DTL $15,000 Income Tax Payable $22,040 3. Balance Sheet Assets Current: $0 Long Term : $0 Liabilities Current: $8550 Long Term: $5550 4. $36,140/100,000 = 36.14%...
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