題組內容

2. During 2015, GGG Co.'s first year of operations, the company reports pretax financial income of £250,000. GGG's enacted tax rate is 40% for 2015, 35% for 2016, and 30% for all later years. GGG expects to have taxable income in each of the next 5 years. The effects on future tax returns of temporary differences existing at December 31, 2015, are summarized below.
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 Instructions

(a) Compute deferred tax asset and deferred tax liability at December 31, 2015.