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How is the difference in amortization amounts

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Reference no: EM132660812

Problem - In the current year, Woodpecker, Inc., a C corporation with $8,500,000 in assets, reported amortization of $40,000 on its financial statements and deducted amortization of $55,000 on its Federal tax return. Is Woodpecker required to file Schedule M-3? If a Schedule M-3 is filed by Woodpecker, how is the difference in amortization amounts treated on that schedule?

Reference no: EM132660812

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