Eckert corporation's partial income statement after its first year of operations is as follows:

income before income taxes $3,750,000
income tax expense
current $1,035,000
deferred 90,000 1,125,000
net income $2,625,000

eckert uses the straight-line method of depreciation for financial reporting purposes and accelerated depreciation for tax purposes. the amount charged to depreciation expense on its books this year was $2,400,000. no other differences existed between book income and taxable income except for the amount of depreciation. assuming a 30% tax rate, what amount was deducted for depreciation on the corporation's tax return for the current year?

a. $2,700,000

b. $1,125,000

c. $2,400,000

d. $2,100,000

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

The federal act which provided over $7 billion to the epa to protect and promote "green" jobs and a healthier environment is the - national environmental policy act. - resource recovery act.- resource conservation and recovery act.- american recovery and reinvestment act. - clean air act.

The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet