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Irish Luck Corporation's ( ILC ) partial income statement for its first year of operations shows the following:Income before taxes....................................$ 1 , 7 5 0
Irish Luck Corporation's ILC partial income statement for its first year of operations shows the following:Income before taxes....................................$Income tax expense Current.................$ Deferred.................Net income......................................................$ILC uses straightline depreciation for accounting purposes and CCA for tax purposes. The company recorded $ depreciation expense in the year. Other than this, there were no other differences between accounting and taxable income. Assuming a tax rate, what did ILC claim for CCA in the current year?
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