阿摩線上測驗
L. The following information is available for the first three years of operations for Cooper Company: 1. Year Taxable Income 
2. On January 2, 2016, heavy equipment costing $600,000 was purchased. The equipment had a life of 5 years and no residual value. The straight-line method of depreciation is used for book purposes and the tax depreciation taken each year is listed below:
3. On January 2, 2017, $240,000 was collected in advance for rental of a building for a three-year period. The entire $240,000 was reported as taxable income in 2017, but $160,000 of the $240,000 was reported as unearned revenue at December 31, 2017 for book purposes. 4. The enacted tax rates are 40% for all years. Instructions (10%) Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2017.
2. On January 2, 2016, heavy equipment costing $600,000 was purchased. The equipment had a life of 5 years and no residual value. The straight-line method of depreciation is used for book purposes and the tax depreciation taken each year is listed below: