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  3. reported $200,000 depreciation on its 2015 tax ret

Reported $200,000 depreciation on its 2015 tax return; however, it reported $50,000 depreciation expense on...

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Accounting

Reported $200,000 depreciation on its 2015 tax return; however, it reported $50,000 depreciation expense on its 2015 income statement. The difference in depreciation is a temporary difference that will reverse over time. Assuming its tax rate is constant at 30%, what amount should be added to the deferred income tax liability in its Decemebr 31, 2015, balance sheet?

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