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For 2011,the Butternut Corporation Has Net Income on Its Books

Question 1

Multiple Choice

For 2011,the Butternut Corporation has net income on its books of $75,000,including the following items: For 2011,the Butternut Corporation has net income on its books of $75,000,including the following items: Federal tax depreciation exceeds the depreciation deducted on the books by $7,250.What is the corporation's taxable income? A) $75,000 B) $85,000 C) $97,250 D) $100,000 E) $107,250 Federal tax depreciation exceeds the depreciation deducted on the books by $7,250.What is the corporation's taxable income?


A) $75,000
B) $85,000
C) $97,250
D) $100,000
E) $107,250

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