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Business, 25.07.2019 18:00 NEUROPHARMACOLOGICAL

Amail-order computer company sells personal computers and peripherals. the company leased showroom space and a warehouse for $20,000 a year and installed $290,000 worth of inventory-checking and packaging equipment. the allowed depreciation expense for this capital expenditure ($290,000) amounted to $58,000 using the category of a 5-year macrs. the store was completed and operations began on january 1st. the company had a gross income of $1,250,000 for the calendar year. supplies and all operating expenses (other than the lease expense) were itemized as: cost of merchandise sold in the year: $600,000 employee salaries and benefits: $150,000 other supplies and expenses: $90,000 how much will the company pay in federal income taxes for the year?

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Amail-order computer company sells personal computers and peripherals. the company leased showroom s...
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