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Business, 18.12.2020 17:40 Tyrant4life

Sand engaged in operations at the start of 20X1 and reported $550,000 in pre-tax book income for the year. Tax depreciation for Sand exceeded book depreciation by $50,000. The tax rate for 20X1 was 25%, and Congress had enacted a tax rate of 21% for the years after 20X1. What is the current portion of the income tax expense for Sand for 20X1

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Sand engaged in operations at the start of 20X1 and reported $550,000 in pre-tax book income for the...
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