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QUESTION 3 completed the third year of its existence (year 3). The table benw tndicates Maples Assume Maple Corp. has just nventory for each year
QUESTION 3 completed the third year of its existence (year 3). The table benw tndicates Maples Assume Maple Corp. has just nventory for each year and the additional $263A costs (UNICAP) it was required to include in its ending vent dngbok Maple immediately expensed these costs for book purposes. In year 2. Maple sol all of its year 2 ending inventory favorable difference as a positive and an unfavorable difference as a negative) d all of its year 1 ersing inventury ane year 3 it sold . What book-tax difference associated with its inventory did Mapie reont e Enter a Year 1 Year 2 Year 3 $2,400,000 $2.700,000 $2,040,0oo Ending book inventory 40.000 $2,080,0o0 60.000 68.000 Additional S 263A costs $2,460,000 $2,768,000 Ending tax inventory STION 4
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