Question: please solve it in 10 mins I will thumb you up please I have 10 mins only Moving to another question will save this response.

please solve it in 10 mins I will thumb you up please I have 10 mins only
Moving to another question will save this response. Question 7 1 points (1 point). For the following scenario, determine the dollar amount of book-tax difference (if any) written as a positive number. Ramco Tooling purchased new equipment on January 1, Year 1 for $90,000. In Year 1, Ramco took $21,000 in Sec. 179 expense on the equipment and $20,000 in bonus depreciation on the equipment. In addition, it took $13,000 in regular MACRS depreciation on the equipment in Year 1. For book purposes, Ramco estimates the useful life of the equipment is 9 years and uses straight-line depreciation. OI. $23,000 O II. $44,00 O III. $3,000
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