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Dalmatian Inc. had $50 of Net Income this year. It capitalized $530 in software development...

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Accounting

Dalmatian Inc. had $50 of Net Income this year. It capitalized $530 in software development costs and recognized Amortization Expense for those costs of $180 during the year. Dalmatians tax rate is 40%. What would Dalmatians Net Income have been this year if it had expensed all software development costs immediately?

$400

$140

($160)

($300)

$278

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