In 2023, Prance reports $600,000 of pretax book net income, and the book depreciation exceeds tax depreciation that year by $20,000. Prance reports no other temporary or permanent book-tax differences. The pertinent U.S. Federal corporate income tax rate is 21%, and Prance earns an after-tax rate of return on capital of 8%. For 2023, compute Prance's current income tax benefit or expense for the year. Prance, Inc., earned pretax book net income of $800,000 in 2022. Prance acquired a depreciable asset in 2022 , and first-year tax depreciation exceeded book depreciation by $80,000. In 2023, Prance reports $600,000 of pretax book net income, and the book depreciation exceeds tax depreciation that year by $20,000. Prance reports no other temporary or permanent book-tax differences. The pertinent U.S. Federal corporate income tax rate is 21%, and Prance earned an after-tax rate of return on capital of 4%. Enter below the 2023 Prance's deferred tax benefit or expense and any total tax expense that should be reported on its 2022 balance sheet. If an amount is zero, enter "0". If required, round your answer to nearest whole value. c. In net present value terms, what has been the value to Prance of accelerating $20,000 of 2023 book depreciation to 2022 ? The present value factor at 8% is 0.9615 . q Mini, Inc., earns pretax book net income of $750,000 in 2022 , its first year of operations. Mini recognized $20,000 in bad debt expense for book purposes. This expense is not yet deductible for tax purposes. Mini reports no other temporary or permanent book-tax differences. The U.S. Federal corporate income tax rate is 21%, and Mini earns an after-tax rate of return on capital of 4%. Compute Mini's current income tax benefit or expense. $