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the following information is available for Metlock Corporation for 2019 (its first year of operations). Excess of tax depreciation over book depreciation, $36,800. This $36,800
the following information is available for Metlock Corporation for 2019 (its first year of operations). Excess of tax depreciation over book depreciation, $36,800. This $36,800 difference will reverse equally over the years 2020-2023. Deferral, for book purposes, of $20.200 of rent received in advance. The rent will be recognized in 2020. Pretax financial income, $310,100. Tax rate for all years, 20%. Taxable income?
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