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Company earned pretax book net income of $800,000 in 2020 and acquired a depreciable asset that year, and first-year tax depreciation exceeded book depreciation by

Company earned pretax book net income of $800,000 in 2020 and acquired a depreciable asset that year, and first-year tax depreciation exceeded book depreciation by $80,000. The company reported no other temporary or permanent book-tax differences. The pertinent U.S. tax rate is 21%, and the company earned an after-tax rate of return on capital of 8%. What is the current income tax expense for the year? what is the deferred tax expense? what is the taxable income for the current year?

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