Luther Industries has outstanding tax loss carryforwards of $70 million from losses over the past four years.If Luther earns $15 million per year in pre-tax income from now on,Luther will fully deplete their NOL carryforwards in:

Question

Quizplus · Accepted Answer

The Answer of Luther Industries has outstanding tax loss carryforwards of $70 million from losses over the past four years.If Luther earns $15 million per year in pre-tax income from now on,Luther will fully deplete their NOL carryforwards in:

Luther Industries Has Outstanding Tax Loss Carryforwards of $70 Million