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Crane Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax
Crane Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Pretax financial income $430,000 Extra depreciation taken for tax purposes (1,026,000) Estimated expenses deductible for taxes when paid 900,000 Taxable income $304,000
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