Determine the taxable income for a firm

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Determine the taxable income for a firm as described here:

The firm recorded revenues of $46,000 and recaptured depreciation of $2,000 for the year just ended During the year, the firm incurred cash expenses of $27,500 and depreciation expenses of $15,575.

Answers:

A: 4925

B: 2925

C: 20500

Reference no: EM132364739

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