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FruAgro Company has average annual gross receipts of $54 million annually. This year, FruAgro earned $3 million of business interest income, incurred $9 million of
FruAgro Company has average annual gross receipts of $54 million annually. This year, FruAgro earned $3 million of business interest income, incurred $9 million of business interest expense and has adjusted taxable income of $13 million. Compute FruAgro's current deduction for business interest and the amount of any business interest carryforward. (Enter your answers in dollars not in millions of dollars.) 11 4 points Business interest deduction Business interest carryforward 02:20:08 eBook
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