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Question - Dale Corporation's book income before federal income taxes was $520,000 for the current year ended December 31. Dale was organized 3 years earlier. Organization costs of $330,000 are being written off over a 10-year period for financial statement purposes. For tax purposes, these costs are being written off over the minimum allowable period. For the current year ended December 31, determine the taxable income?
A. $520,000
B. $531,000
C. $498,000
D. $553,000
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