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The Following Information Is Available for Ryan Corporation: Assets at Cost-$260,000;

Question 67

Multiple Choice

The following information is available for Ryan Corporation: Assets at cost-$260,000; Accumulated depreciation-$80,000; Accumulated CCA-$90,000; meals and entertainment recorded in the books-$12,000; golf dues paid-$5,000.Based on this information and a tax rate of 45%,what is the amount of the temporary difference?


A) $0
B) $1,000
C) $4,000
D) $10,000

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