GFH had pre-tax accounting income of $1,400 during 2015.GFH used accelerated depreciation for tax purposes ($1,000)and straight-line depreciation for financial accounting purposes ($200).During 2015 GFH accrued warranty expenses of $900 and paid cash to honour warranties of $500.GFH's taxable income for 2015 would be:

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The Answer of GFH had pre-tax accounting income of $1,400 during 2015.GFH used accelerated depreciation for tax purposes ($1,000)and straight-line depreciation for financial accounting purposes ($200).During 2015 GFH accrued warranty expenses of $900 and paid cash to honour warranties of $500.GFH's taxable income for 2015 would be:

GFH Had Pre-Tax Accounting Income of $1,400 During 2015