For calendar year 2021, Carla Vista Corp. reported depreciation of $1550000 in its income statement. On its 2021 income tax return, Carla Vista reported depreciation of $2305000. Carla Vista's income statement also included $285000 accrued warranty expense that will be deducted for tax purposes when paid. Carla Vista's enacted tax rates are 20% for 2021 and 2022, and 15% for 2023 and 2024. The depreciation difference and warranty expense will reverse over the next three years as follows: Depreciation Difference Warranty Expense
2022 $305000 $55000
2023 265000 95000
2024 185000 135000
$755000 $285000

These were Carla Vista's only temporary differences. In Carla Vista's 2021 income statement, the deferred portion of its provision for income taxes should be:

a. $94000.
b. $83000.
c. $156000.
d. $91500.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.