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Ayres Services acquired an asset for $102 million in 2018. The asset is depreciated for financial reporting purposes over four years on a straight-line basis

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Ayres Services acquired an asset for $102 million in 2018. The asset is depreciated for financial reporting purposes over four years on a straight-line basis (no residual value). For tax purposes the asset's cost is depreciated by MACRS. The enacted tax rate is 40%. Amounts for pretax accounting income, depreciation, and taxable income in 2018, 2019, 2020, and 2021 are as follows: s 385 $ 40 420 455 ' 25.5 25.5 25.5 25.5 (30-5) 38.5) (20.5) (12.5 380 392 425 468 tax ave no cell blank, enter "O" wherever applicable. Negative amounts should be indicated by a minus sign. Enter liability account. (Le your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5)) nning of 2018 End of 2018 End of 2019 End of 2020 End of Prey 3 of 12 Next

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