Acme, Inc. (a domestic corporation) generates income from the following sources: U.S....

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Accounting

Acme, Inc. (a domestic corporation) generates income from the following sources:
U.S. Net Income: $700,000
Foreign Net Income from direct sales in foreign markets: $300,000
And, the company's adjusted basis of depreciable assets is $5,000,000.
What is Acme's FDII deduction?

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