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Business, 14.04.2020 23:15 brodycruce

Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $3,000, while the amount of depreciation reported in the income statement was $1,000. Assuming no other differences between tax and accounting income, Woody's pretaxaccounting income was:

a.$ 5,000.
b.$ 6,000.
c.$10,000.
d.$11,000.

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Woody Corp. had taxable income of $8,000 in the current year. The amount of MACRS depreciation was $...
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