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bgallman153p71edg
bgallman153p71edg
01.10.2019 • 
Business

Cortez, inc., reports $1,196,300 of pretax book net income in 2019. cortez’s book depreciation exceeds tax depreciation that year by $42,725. the corporation reports no other temporary or permanent book-tax differences. cortez’s pertinent u.s. tax rate is 21%, and cortez earns an after-tax rate of return on capital of 8%. if required, round your computations to the nearest dollar. for 2019, compute the following for cortez, inc. a. current income tax expense $ b. deferred income tax expense $ c. total income tax expense $

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