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Business, 20.11.2019 21:31 samanthabutryn

Slipper corporation has book income of $500,000. book income includes a $50,000 gain on the sale of equipment. the equipment originally cost $110,000 and was sold for $75,000. accumulated book depreciation was $85,000; accumulated macrs depreciation was $90,000. based only on these items, compute slipper's taxable income.

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