Compute the amount clydesdale should report


Clydesdale Corporation has a cumulative temporary difference related to depreciation of $601,000 at December 31, 2012. This difference will reverse as follows: 2013, $48,300; 2014, $254,900; and 2015, $297,800. Enacted tax rates are 34% for 2013 and 2014, and 40% for 2015. Compute the amount Clydesdale should report as a deferred tax liability at December 31, 2012.

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Accounting Basics: Compute the amount clydesdale should report
Reference No:- TGS0675900

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