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rance, Inc., earned pretax book net income of $ 1 , 8 5 7 , 0 0 0 in 2 0 2 0 . Prance
rance, Inc., earned pretax book net income of $ in Prance acquired a depreciable asset that year, and firstyear tax depreciation exceeded book depreciation by $ Prance reported no other temporary or permanent booktax differences. The pertinent US Federal corporate income tax rate is and Prance earned an aftertax rate of return on capital of
If required, round your answers to the nearest dollar.
Compute Prance's current income tax expense for the year.
$fill in the blank
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