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Matthew Distrito bem operations in January 2021 and purchased a delivery truck for $44,000. Matthew plans to me straight-line depreciation over a four year expected

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Matthew Distrito bem operations in January 2021 and purchased a delivery truck for $44,000. Matthew plans to me straight-line depreciation over a four year expected useful life for financial reporting purposes Fortis purposes the deduction is 50% of cost in 2021, 30. in 2022 and 20% in 2023 Mathew also had product water costs of 64.600 expenied for financial reporting purposes in 2021 Fot tax purposes only the $18,000 of warranty costs actually paid in 2021 was deducted the remaining $46,000 will be deducted for tax purposes when pad over the next three yems as follows2023, 525.000, 2023, 518,000,2024, 53,000 Pretax accounting come for 2021 was 5680.000, which includes were revenue of $20.000 from municipal governmental bonds. The acted tax rate 25% The amount of Matthews 2021 come would be 5524.000 $530,000 $515.000 5519.000

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