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Business, 15.04.2020 15:37 bobbyrod4522

Auburn Crane, Inc., a hydraulic crane service company, had sales revenues of $4,250,000 during tax year 2013. The following table provides other financial information relating to the tax year: 1.$1,550,000 2.$785,000 3.$332,500 4.$15,000 5.$42,200 6.$45,000 7.$43,000 The sold cranes had a combined book value of $30,000 at the time of sale. (a) Determine the taxable income for 2013. (b) Determine the taxable gains for 2013. (c) Determine the amount of income taxes and gains taxes (or loss credits) for 2013.

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Auburn Crane, Inc., a hydraulic crane service company, had sales revenues of $4,250,000 during tax y...
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