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Wasp Co. had taxable income of $7,000, MACRS depreciation of $5,000, book depreciation of $2,000, and accrued warranty expense of $400 on the books, although
Wasp Co. had taxable income of $7,000, MACRS depreciation of $5,000, book depreciation of $2,000, and accrued warranty expense of $400 on the books, although no warranty work was performed. What's Wasp's pretax accounting income? Question 3 options: A) $3,600 B) $2,600 C) $9,600 D) $4,400
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