Sheridan Corporation reports under IFRS. At December 31,2023, the company had a net defer red...

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Accounting

Sheridan Corporation reports under IFRS. At December 31,2023, the company had a net defer red tax liability of $406,500. An explanation of the items that make up this balance follows.
\table[[,Temporary Differences,\table[[Resulting],[Balances in],[Deferred Tax],[Account]]],[1.,Excess of accumulated tax depreciation over book depreciation,$264,000
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