Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $3,000, while the amount of depreciation reported in the income statement was $1,000. Assuming no other differences between tax and accounting income, Woody's pretax accounting income was:
A) $5,000.
B) $6,000.
C) $10,000.
D) $11,000.
Correct Answer:
Verified
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