Firm incurred cash expenses and depreciation expenses

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Reference no: EM131020425

The Red Ranger Company recorded revenues of $45,000 and recaptured depreciation of $2000 for the year just ended. During the year, the firm incurred cash expenses of $27,500 and depreciation expenses of $15,575. Red Rangers taxable income is: $-75 $3,925 $17,500 $1,925

Reference no: EM131020425

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Firm incurred cash expenses and depreciation expenses : The Red Ranger Company recorded revenues of $45,000 and recaptured depreciation of $2000 for the year just ended. During the year, the firm incurred cash expenses of $27,500 and depreciation expenses of $15,575. Red Rangers taxable income is: $-75 $3..

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