23. Mighty Duck Corporation, a calendar year, accrual basis taxpayer, provides the following information for...
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23. Mighty Duck Corporation, a calendar year, accrual basis taxpayer, provides the following information for this year: Capital gains totaled $10,000, while capital losses totaled $16,000. MACRS (tax) depreciation totaled $142,400, while book depreciation totaled $130,000. How much is Mighty Duck Corporation's taxable income for the year
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