A company purchased equipment in 2013 for 25,000. The year-end values of the equipment for...
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Accounting
A company purchased equipment in 2013 for 25,000. The year-end values of the equipment for accounting purposes and tax purposes are as follows: Which of the following statements best describes the effect of the change in the tax rate on the company's 2014 financial statements? The deferred tax liability: decreases by 800. increases by 250. decreases by 200
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