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Business, 23.10.2019 02:00 jarteria0

Abbot corporation reported a net operating loss of $510,000 in 20x3, which the corporation elected to carryforward to 20x4. included in the computation of the taxable loss was regular depreciation of $210,000 (e& p depreciation is $40,000), first year expensing under §179 of $61,000, and a dividends received deduction of $11,100. the corporation's current earnings and profits for 20x3 would be:

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Abbot corporation reported a net operating loss of $510,000 in 20x3, which the corporation elected t...
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