The book basis of depreciable assets for Blue Co. is $950,000, and the tax basis is $660,000 at the end of 2018. The enacted tax rate is 35% for all periods. Determine the amount of deferred taxes to...

The book basis of depreciable assets for Blue Co. is $950,000,and the tax basis is $660,000 at the end of 2018. The enacted taxrate is 35% for all periods. Determine the amount of deferred taxesto be reported on the balance sheet at the end of 2018.

Amount of deferred taxes$
May 14, 2022
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