In 2020, its first year of operations, ABC reported a net operating loss of $...
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In 2020, its first year of operations, ABC reported a net operating loss of $ 331,071 and as a consequence recognized a deferred tax asset (DTA) for the same year. The following year, 2021, the company reported taxable income of $ 245,059 before any net operating loss from prior periods. The company's tax rate was 0.27 for both years. Assuming that the company used all the benefit allowed for the loss of 2020 according to the new tax reform, by how much will the Deferred Tax Asset account adjust in 2021?
a.89389.17 b. 66165.93 c. 52932.74 d. 13233.19
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