Question: Dn December 3 1 , 2 0 1 5 , Fredericksburg, Inc. had no temporary differences that created deferred income Dn January 2 , 2
Dn December Fredericksburg, Inc. had no temporary differences that created deferred income Dn January a new machine was purchased for $ Straightline depreciation over a fourye no residual value was used for financial accounting. Depreciation expense for tax purposes was $$ in $ in and $ in In each year, the income tax rate was anc Fredericksburg had no other items that created differences between pretax financial income and taxable income. Fredericksburg reported the following pretax financial income for through :
table$
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