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  3. tommy corp. reported a net deferred tax asset bala

Tommy Corp. reported a net deferred tax asset balance of $ 196,100 resulting from an...

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Accounting

Tommy Corp. reported a net deferred tax asset balance of $ 196,100 resulting from an estimated warranty expense accrual for book purposes. The total book-tax difference related to the bases of the estimated warranty liability is $ 530,000. The enacted statutory tax rate related to this balance changed from 37% to 32%, effective immediately. By what amount will the deferred asset balance change?

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