Problem $11-49($LO $11-3,$ LO $11-4,$ LO $11-5)($Algo$)$

Shimmer incorporated is a calendaryear$-$end, accrual method coportion. This yask, it sells the following long term asse

$\backslash$table$[[$Asset$,$Soles rice,Cest,Accoplated Depreciation$],[$billeing sparkile cerporatien steck,$5759,449169,888,$$ $741,600227,948,591,548$ N$/8],[,,,]]$

Shimmer does not sel any other assets during the veat, and its tasable income before these fransactions is $$996,000.$ What are Shimmer's laxable income and lax lability for the year?

Answer is cempiete tot not entirety cerrect.

$\backslash$table$[[$Artitith$-$s$,$A$-$Tut$],[$Thralle incolte,$80475000],[$Ter Iability,$1$ pasprs O$]]$