A company purchased a 2,000 million long-term asset in 2012 when the corporate tax rate...
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Accounting
A company purchased a 2,000 million long-term asset in 2012 when the corporate tax rate was 30%. On 15 January 2013 , the government lowered the corporate tax rate to 25% for 2013 and beyond. The deferred tax liability ( millions) as of 31 December 2013 , is closest to: 130. 231. 156
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