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NEED CALCULATIONS PLEASE and answers to red boxes Exercise 19-2 The following information is available for Wenger Corporation for 2013. 1. Excess of tax depreciation

NEED CALCULATIONS PLEASE and answers to red boxes

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Exercise 19-2 The following information is available for Wenger Corporation for 2013. 1. Excess of tax depreciation over book depreciation, $48,000. This $48,000 difference will reverse equally over the years 2014-2017 2. Deferral, for book purposes, of $20,800 of rent received in advance. The rent will be earned in 2014. 3. Pretax financial income, $353,800 4. Tax rate for all years, 40%. Your answer is correct, Compute taxable income for 2013. Taxable income 326600 SHOW LIST OF ACCOUNTS LINK TO TEXT

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