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Business, 22.04.2021 23:20 lorip7799ov3qr0

For the current year ($ in millions), Centipede Corp. had $80 in pretax accounting income. This included warranty expense of $6 and $20 in depreciation expense. Two million of warranty costs were incurred, and MACRS depreciation amounted to $35. In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 25%?

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For the current year ($ in millions), Centipede Corp. had $80 in pretax accounting income. This incl...
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