CDE had taxable income of $7,500 during 2014.CDE used accelerated depreciation for tax purposes ($10,000)and straight-line depreciation for financial accounting purposes ($4,000).On December 30, 2014, CDE collected January 2015's $3,000 rent on a lot it rents on a
month-by-month basis to JCB.CDE's pre-tax accounting income for 2014 would be (show calculations):

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The Answer of CDE had taxable income of $7,500 during 2014.CDE used accelerated depreciation for tax purposes ($10,000)and straight-line depreciation for financial accounting purposes ($4,000).On December 30, 2014, CDE collected January 2015's $3,000 rent on a lot it rents on a
month-by-month basis to JCB.CDE's pre-tax accounting income for 2014 would be (show calculations):

CDE Had Taxable Income of $7,500 During 2014