kingsbird corporation began operations in 2020 and reported pretax financial income of $234,000 for the...
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Accounting
kingsbird corporation began operations in 2020 and reported pretax financial income of $234,000 for the year. Kingsbird's tax depreciation by $36,000. Kingsbird's tax rate for 2020 and years thereafter is 30%. Assume this is the only difference between Kingsbird's pretax financial income ad taxable income.
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