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Didde Corp. prepared the following reconciliation of income per books with income per tax return for the year ended December 31, 2017: $1,500,000 Book income
Didde Corp. prepared the following reconciliation of income per books with income per tax return for the year ended December 31, 2017: $1,500,000 Book income before income taxes Add temporary difference $160,000 Construction contract revenue which was reversed in 2018 Deduct temporary difference Depreciation expense which will reverse in equal amounts in each of the next four years ($640,000) $1,020,000 Taxable income Didde's effective income tax rate was 34% for 2017. What amount should Didde have reported in its 2017 income statement as the current provision for income taxes? $54,400 $346,800 $510,000 $564.400
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