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Martin, Inc, reported $600,000 net income before tax on this year's financial statements prepared in accordance with GAAP. The corporation's records reveal the following: Depreciation

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Martin, Inc, reported $600,000 net income before tax on this year's financial statements prepared in accordance with GAAP. The corporation's records reveal the following: Depreciation expense per books was $27,400 and MACRS depreciation was $53,000. Compute Martin's taxable income. Select one: a. $625,600 b. $574,400 c. $600,000 d. $572,600 e. $547,000

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