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Dear Mike,
The last line in W2 is “At 25% 100,000 50,000 – “. Do the figures go into line “Deferred tax liability” or “Tax – deferred (W2)” in the answer on previous page?
Thank you!
100,000 is the liability at the end of 2009. 50,000 of that liability is reduced in 2010 and the last 50,000 is allocated to 2011.
So, at the end of 2009, there is a liability of 100,000, at the end of 2010, it’s down to 50,000 and by the end of 2011 it’s all gone.
So, in answer to your question, it is correctly shown as the Deferred Tax Liability
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