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27. Gravel, Inc., earns book net income befo its first-year tax depreciation exceeds book permanent book-tax differences. Assuming expense reported on its GAAP financial stat

27. Gravel, Inc., earns book net income befo its first-year tax depreciation exceeds book permanent book-tax differences. Assuming expense reported on its GAAP financial stat a. $151,200 b. $126,000 c. $100,800 d. $25,200 28. Lindsay and Malcolm form Yellow Co of $50,000 to Yellow Corporation for

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