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Maple Assume Maple Corp has just completed the third year of its existence (year 3). The table below indicates Maple's ending book inventory for
Maple Assume Maple Corp has just completed the third year of its existence (year 3). The table below indicates Maple's ending book inventory for each year and the additional $263A costs (UNICAP) it was required to include in its ending inventory immediately expensed these costs for book purposes. In year 2. Maple sold all of its year 1 ending inventory, and in year 3 it sold all of its year 2 ending inventory What book-tax difference associated with its inventory did Maple report in year 2? (Enter a favorable difference as a positive and an unfavorable difference as a negative) Ending book inventory Additional $ 263A costs Ending tax inventory Year 1 $2,400,000 60,000 $2,460,000 Year 2 $2,700,000 68,000 $2,768,000 Year 3 $2,040,000 40,000 $2,080,000
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