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 31,2015, Fredericksburg, Inc. had no temporary differences that created deferred income Dn January 2,2016, a new machine was purchased for $30,000. Straight-line depreciation over a four-ye (no residual value) was used for financial accounting. Depreciation expense for tax purposes was $11,0002016,$9,000 in 2017,$6,000 in 2018, and $4,000 in 2015. In each year, the income tax rate was 20% anc Fredericksburg had no other items that created differences between pretax financial income and taxable income. Fredericksburg reported the following pretax financial income for 2016 through 2019:
\table[[2016,$50,000
 Dn December 31,2015, Fredericksburg, Inc. had no temporary differences that created

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