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What costello deferred income tax expense would be

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Question 1: Costello Corporation reported pretax book income of $501,600. During the current year, the reserve for bad debts increased by $8,200. In addition, tax depreciation exceeded book depreciation by $41,600. Finally, Costello received $3,800 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be

Reference no: EM132593161

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