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Boilermaker Incorporated reported taxable income of $ 5 9 0 , 0 0 0 this year and paid federal income taxes of $ 1 2
Boilermaker Incorporated reported taxable income of $ this year and paid federal income taxes of $ Not included in the company's computation of taxable income is taxexempt income of $ disallowed meals and entertainment expenses of $ and disallowed expenses related to the taxexempt income of $ Boilermaker deducted depreciation of $ on its tax return. Under the alternative E&P depreciation method, the deduction would have been $ Compute the company's current E&P
Note: Negative amount should be indicated with a minus sign.
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