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Business, 14.04.2020 23:45 Yuii

Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable income: Pretax accounting income $ 180,000 Permanent differences (15,000 ) 165,000 Temporary difference-depreciation (12,000 ) Taxable income $ 153,000 Cumulative future taxable amounts all from depreciation temporary differences: As of December 31, 2020 $ 13,000 As of December 31, 2021 $ 25,000 The enacted tax rate was 25% for 2020 and thereafter. What would Kent's income tax expense be in the year 2021?

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Information for Kent Corp. for the year 2021: Reconciliation of pretax accounting income and taxable...
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