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6. Jogg, Inc. this year, and first year tax depreciation exceeds book depreciation by $120,000....

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Accounting

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6. Jogg, Inc. this year, and first year tax depreciation exceeds book depreciation by $120,000. Jogg also has recorded State Bond interest income of $20,000. Jogg has recorded no other temporary or permanent book-tax differences. Assuming that the U.S. tax rate is 21%, and tha year of operations, record the journal entry for the tax provision. earns book net income before tax of $620,000. Jogg puts into service a depreciable asset gg's first

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