Blue Technology began operations in 2019 and reported pretax financial income of $500,000 for the year. Blue's tax depreciation exceeds its book depreciation by $45,000. Blue Technology also accrued a litigation liability of $15,000 in 2019. They believe the case will be settled in 2020. If these are the only differences between tax and financial reporting, what is Taxable Income for the period ending 12/31/2019

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)