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Maliow incorporated, which has a 213 tax rate, purchased a new business asset, First-year book depreciation was $37,225, and first-rear Macres depreciation was $55,025. As

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Maliow incorporated, which has a 213 tax rate, purchased a new business asset, First-year book depreciation was $37,225, and first-rear Macres depreciation was $55,025. As a result of this bookrtax difference, Mallow recorded a $3,738 deforred tax asset. Thue or False

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