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Teri Inc has the following differences between book and tax basis of its assets an...

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Accounting

Teri Inc has the following differences between book and tax basis of its assets an liabilities at the end of 2000.

Book Basis Tax Basis
Equipment $400,000 340,000
Estimated Warranty Liability $200,000 0

The warranty will be settled in 2001.

If Teri Inc. has a taxable income of $520,000 in 2000, what is Teri's accounting income?

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