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home / study / business / accounting / accounting questions and answers / information for clark corp. for the year 2010: reconciliation of pretax accounting income and ... Question: Information for Clark Corp. for the year 2010: Reconciliation of pretax accounting income and tax... Information for Clark Corp. for the year 2010: Reconciliation of pretax accounting income and taxable income: pretax accounting income 180,000 premanent differences (15,000) 165,000 temporary difference-depreciation (12,000) taxable income 153,000 Cumulative temporary differences - all from depreciation: As of 12/31/09 $83,000 As of 12/31/10 $95,000 The enacted tax rate is 40% for 2010, 35% for 2011, and 35% thereafter. Calculate Clarks income tax expense for 2010.
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