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The Destin Company has one temporary difference of $120 caused by accelerated tax depreciation on 12/31/22. The difference will reverse evenly over the next
The Destin Company has one temporary difference of $120 caused by accelerated tax depreciation on 12/31/22. The difference will reverse evenly over the next three years. Tax Rates are 30% in 2022, 25% in 2023, and 20% in 2024 and beyond. Pretax book income in 2022 is $1,000. What is 2022 Income Tax Expense? Select one: O a. $215 b. $290 O c. $297 O d. $238 $264
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