Question: CALCULATOR INTER VERSION BACK NEN JRCES Question Crane Corporation's partial income statement after its first year of operations is as follows: Income before income taxes
CALCULATOR INTER VERSION BACK NEN JRCES Question Crane Corporation's partial income statement after its first year of operations is as follows: Income before income taxes $3738000 Income tax expense Current $1095000 Deferred 89100 1114100 Net Income 52623900 Crane uses the straight-line method of depreciation for financial reporting purposes and accelerated depreciation for tax pure the amount charged to depreciation expense on its books this year was $2790000. No other differences existed between book income and taxable income except for the amount of depreciation. Assuming a 20% tax rate, what amount was detected for depreciation on the corporation's tax return for the current year? $2790000 52344500 747600 2500 Question Attempts of I used SUBMIT AWER
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