Nash Corporation has a cumulative temporary difference related to depreciation of $543,000 at December 31, 2020. This difference will reverse as follows: 2021, $45,000; 2022, $254,000; and 2023, $244,000. Enacted tax rates are 17% for 2021 and 2022, and 20% for 2023.
Compute the amount Nash should report as a deferred tax liability at December 31, 2020.
Deferred tax liability at December 31, 2020 $