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

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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