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Mount Corp. had taxable income (TI) of $8,225 in the current year. The amount of depreciation reported in the tax return was $2,925, while the
Mount Corp. had taxable income (TI) of $8,225 in the current year. The amount of depreciation reported in the tax return was $2,925, while the amount of depreciation reported in the income statement was $775. Assuming no other differences between tax and accounting income, Mount's pretax accounting income (AI) was; Multiple Choice $11,150 $5.300 $6,075 $10,375
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