Current Attempt in Progress Sarasota Corporation has a cumulative temporary difference related to depreciation of...
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Current Attempt in Progress Sarasota Corporation has a cumulative temporary difference related to depreciation of $614,000 at December 31,2020 , This difference will reverse as follows: 2021, $42,000;2022,$266,000; and 2023,$306,000. Enacted tax rates are 17% for 2021 and 2022 and 20% for 2023. Compute the amount Sarasota should report as a deferred tax liability at December 31,2020. Deferred tax fiability at December 31, 2020
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