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JJ Corp. had taxable income of $8,175 in the current year. The amount of MACRS depreciation was $3,225, while the amount of depreciation reported in
JJ Corp. had taxable income of $8,175 in the current year. The amount of MACRS depreciation was $3,225, while the amount of depreciation reported in the income statement was $875. Assuming no other differences between tax and accounting income, JJ's pretax accounting income was: $10,525. $4,950. $5,825. $11,400.
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