ABC Corporation has the following data from tax year 2018: Business interest expense $120,000 ....
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ABC Corporation has the following data from tax year 2018: Business interest expense $120,000 . Business interest income-$500 Income before interest and depreciation deductions $25,000 Depreciation deductions- $56,000 What amount is ABC Corp allowed to deduct for interest expense during the year? Numeric Response
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