Gopher Hunter Company reported depreciation of $100,000 each year for the first 5 years of business. Gopher reported tax depreciation of $200,000, $150,000, $80,000, $50,000 and $10,000 for years 1, 2, 3, 4, and 5, respectively. Assuming a 21% enacted tax rate, describe the cumulative temporary difference.
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Home » Business » Gopher Hunter Company reported depreciation of $100,000 each year for the first 5 years of business. Gopher reported tax depreciation of $200,000, $150,000, $80,000, $50,000 and $10,000 for years 1, 2, 3, 4, and 5, respectively.