Number 2 0 or depreciating equipment. 1/ 1 A The following information relates to Franklin Freightways for its first year of operations data in millions of dollars $270 Pretax accounting income: Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return using MCS: The applicable tax rate is 25%. There are no other temporary or permanent differences Franklin's taxable income $ in milions) is: Murple Choice 0 OS $206 0 0 $245 The following information relates to Franklin Freighways for its first year of operations data in m 28 ons of dollars Pretax accounting income: Pretax accounting income included: overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return The applicable tax rate is 25%. There are no other temporary or permanent differences Franklin's taxable income is in millions) is. Multiple Choice O 540 $155 5110 Proy 28 40 Next > The following information relates to Franklin Freightways for its first year of operations data in millions of dollars) 29 $195 Pretax accounting income: Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return 70 110 The applicable tax rate is 25%. There are no other temporary or permanent differences Franklin Freightways should have recorded ($ in milions Multiple Choice O Tax payable of $40. O Tax payable of $22.5 O Tax payable of $4875 C The following information relates to Franklin Freightways for its first year of operations data in millions of dollars 30 Pretax accounting income Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return The applicable tax rate is 25%. There are no other temporary or permanent differences Franklin's net income is in millions) is Murple Choice O O $134 O O $1475 O 0 556.25