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  3. usco incurred $98,000 in interest expense for the

USCo incurred $98,000 in interest expense for the current year. The tax book value of...

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Accounting

USCo incurred $98,000 in interest expense for the current year. The tax book value of USCo's assets generating foreign-source income is $4,900,000. The tax book value of USCo's assets generating U.S.-source income is $49,000,000.

How much of the interest expense is allocated and apportioned to foreign-source income?

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