At the end of 2017, its first year of operations, Gaucho Corp. prepared the following reconciliation between pre-tax accounting income and taxable income: 
The estimated lawsuit expense of $400,000 will be deductible in 2018 when it is expected to be paid. Use of the depreciable assets will result in taxable amounts of $300,000 in each of the next three years. The income tax rate is 25% for all years. Gaucho adheres to IFRS requirements. The deferred tax asset to be recorded is
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Revenue generated from the sale of products or services outside of the company's home country.
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