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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....................................$1,750,000Income tax expense Current.................$483,000 Deferred..................42,000..........................525,000Net income......................................................$1,225,000ILC uses straight-line depreciation for accounting purposes and CCA for tax purposes. The company recorded $700,000 depreciation expense in the year. Other than this, there were no other differences between accounting and taxable income. Assuming a 30% tax rate, what did ILC claim for CCA in the current year?

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