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Business, 23.04.2021 18:20 2021danaejalang

Wildhorse financial income for Lake Inc. is $342,000, and its taxable income is $114,000 for 2021. Its only temporary difference at the end of the period relates to a $79,800 difference due to excess depreciation for tax purposes. If the tax rate is 20% for all periods, compute the amount of income tax expense to report in 2021. No deferred income taxes existed at the beginning of the year. Income tax expense

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Wildhorse financial income for Lake Inc. is $342,000, and its taxable income is $114,000 for 2021. I...
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