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[ The following information applies to the questions displayed below. ] What book tax differences in year 1 and year 2 associated with its capital

[The following information applies to the questions displayed below.]
What booktax differences in year 1 and year 2 associated with its capital gains and losses would ABD Incorporated report in the following alternative scenarios? Identify each booktax difference as favorable or unfavorable and as permanent or temporary.
Note: Leave no answer blank. Enter zero if applicable and select "Not applicable" if no effect.
e. Answer for year 6 only.
Year 1 Years 25 Year 6
Capital gains $ 0 $ 0 $ 15,000
Capital losses 10,00000

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