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Martin, Inc. has a book net income before tax of $500,000 which includes any book...

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Accounting

Martin, Inc. has a book net income before tax of $500,000 which includes any book depreciation. At the beginning of last year, Martin purchased office equipment costing $400,000. For book purposes, martin always takes the largest tax deduction possible. What is Martins taxable income for the current year (Year 2)?

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