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Pole Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Use
Pole Co. at the end of 2021, its first year of operations, prepared a reconciliation between pretax financial income and taxable income as follows: Use of the depreciable assets will result in taxable amounts of $400,000 in each of the next three years. The estimated litigation expenses of $890,000 will be deductible in 2024 when settlement is expected. (a) Prepare a schedule of future taxable and deductible amounts. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses e. g. (45).) number e.g. 45 or parentheses e.g. (45).) Attempts: 0 ho 1 used
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