Costello Corporation reported pretax book income of $502,000. During the current year, the reserve for bad debts increased by $9,000. In addition, tax depreciation exceeded book depreciation by $42,000. Finally, Costello received $4,000 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be:.

$11220

Explanation:

Based on the scenario in the question, first, we.have to calculate the difference in net tax which will be:

= $42000 - $9000

= $33,000

Using a tax rate of let's say 34%, Costello's deferred income tax expense would be:

= $33,000 × 34%

= $33000 × 0.34

= $11220

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answer; intensive use of a sales force and is relatively costly;