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Accounting
10 points Item Skipped eBook Hint Print References Check my work Check My Work button is now enabled Item 7 Item 7 10 points Item Skipped Burcham Corporation reported pretax book income of $810,000. Tax depreciation exceeded book depreciation by $615,000. In addition, the company received $285,000 of tax-exempt municipal bond interest. The companys prior-year tax return showed taxable income of $48,000. Compute the companys book equivalent of taxable income. Use this number to compute the companys total income tax provision or benefit.
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