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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 4 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
For the current year (S in millions), Centipede Corp. had $80 in pretax accounting income. This included bad debt expense of S6 based on the allowance method, and S20 in depreciation expense. Two million in receivables were written off as uncollectible, and MACRS depreciation amounted to S35. In the absence of other temporary or permanent differences, what was Centipede's income tax payable currently, assuming a tax rate of 40%?
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