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Temporary or permanent book-tax differences

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Reference no: EM13125221

Rogene, Inc., reported the following results for the current year.

Book income (before tax) $425,000
Tax depreciation in excess of book 25,000
Non-tax-deductible warranty expense 17,500
Municipal bond interest income 28,500

Determine Rogene's taxable income for the current year. Identify any temporary or permanent book-tax differences.

Reference no: EM13125221

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