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An S corporation is permitted to deduct which of the following items when calculating its nonseparable taxable income A) Depreciation applicable to its assets used

An S corporation is permitted to deduct which of the following items when calculating its nonseparable taxable income

A) Depreciation applicable to its assets used in the trade or business

B) Net operating losses

C) Taxes paid to US possessions

D) The dividends -received deduction

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