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agage.. ProConnect Tax Home | Chegg.com Dashboard Main Applicant Console All Files | Powered... Coinb Problem 16-12 (Algorithmic) (1.0.3) USCO incurred $113,000 in interest expense

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agage.. ProConnect Tax Home | Chegg.com Dashboard Main Applicant Console All Files | Powered... Coinb Problem 16-12 (Algorithmic) (1.0.3) USCO incurred $113,000 in interest expense for the current year. The tax book value of USC's assets generating foreign-source income is $5,650,000. The tax book value of US Co's assets generating U.S.-source income is $56,500,000. How much of the interest expense is allocated and apportioned to foreign-source income? Do not round intermediate computations but if required, round your final answer to the nearest dollar. 2

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