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Woody Corp. had taxable income of $7,925 in the current year. The amount of MACRS depreciation was $2,775, while the amount of depreciation reported in
Woody Corp. had taxable income of $7,925 in the current year. The amount of MACRS depreciation was $2,775, while the amount of depreciation reported in the income statement was $1,100. Assuming no other differences between tax and accounting income, Woody's pretax accounting income was:
Multiple Choice
$5,150.
$10,700.
$6,250.
$9,600.
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