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  3. gross income: $900,000 expenses: $200,000 asse

Gross Income: $900,000 Expenses: $200,000 Asset Cost: $150,000 100%...

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Question

Accounting

Gross Income: $900,000
Expenses: $200,000
Asset Cost: $150,000
100% bounus Depreciation
A) What is the taxable income?
B)What is your federal income tax?

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