Nayelii2008 Nayelii2008

27-10-2022
Business

Answered

pharoah uses the straight-line method of depreciation for financial reporting purposes and accelerated depreciation for tax purposes. the amount charged to depreciation expense on its books this year was $2720000. . no other differences existed between book income and taxable income except for the amount of depreciation. assuming a 20% taxe rate, what amount was deducted for depreciation on the corporation's tax return for the current year? g

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