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Moving to another question will save this response. Question 9 (1 point). For the following scenario, determine whether the related book-tax difference (if any) is favorable or unfavorable. Ramco Tooling purchased new equipment on January 1, Year 1 for $90,000. In Year 1, Ramco took $21,000 in Sec. 179 expense on the equipment and $20,000 in bonus depreciation on the equipment. In addition, it took $13,000 in regular MACRS depreciation on the equipment in Year 1. For book purposes, Ramco estimates the useful life of the equipment is 9 years and uses straight-line depreciation. OI. Unfavorable O II. Favorable O III. Not applicable as there is no book-tax difference Question 9 of 41 >>> A Moving to another question will save this response. 1 points Save Answer Pac Question 9 c L A Moving to another question will save this response.. Question 10 1 points (1 point). For the following scenario, determine the dollar amount of book-tax difference (if any) written as a positive number. Patriot Construction Co. received $10,000 in interest income on a municipal bond it holds for the city of Falls Church during the year OI. None of the answers given here. O II. $5,000 O III. $10,000 O IV. $0 Question 10 a A Moving to another question will save this responseStep by Step Solution
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