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4. The following information was taken from Buccaneer Corporation's 2mn Buccaneers' first year of operations was 2020 . The company has a 30 percent tax

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4. The following information was taken from Buccaneer Corporation's 2mn Buccaneers' first year of operations was 2020 . The company has a 30 percent tax rate Management decided to use accelerated depreciation for tax purpose and the straight-line method of depreciation for financial reporting purposes. The amount charged to depreciation expense in 2020 was $600,000 Assuming no other differences existed between book income and taxable income, what amqunt did Buccaneer deduct for depreciation on its tax return for 2020 ? b. $480,000$570,000 b. b. $570,000 a. $720,000

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