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6. The following information is available for the first three years of operations Year Taxable Income tax rate 2010 $500,000 2011 330,000 2012 400,000 for

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6. The following information is available for the first three years of operations Year Taxable Income tax rate 2010 $500,000 2011 330,000 2012 400,000 for Cooper Company 40% 40% 40% equipment had a life of 5 On January 2, 2010, heavy equipment costing $600,000 was purchased. Thposes and the purposes and the years and no salvage value. The straight-line method of depreciation is tax depreciation taken each year is listed below: used for book Tax Depreciation Total $600,000 2010 2011 $198,000 $270,000 $90,000 2013 $42,000 2012 (a) Compute the pretax income for 2010. (b) Prepare the journal entry to record income tax expense, deferred income taxes, and income ta payable for 2010

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