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  3. lycro corp had pretax accounting income of $1,400

LYCRO CORP HAD PRETAX ACCOUNTING INCOME OF $1,400 DURING 2010. LYCRO USED ACCELERATED DEPRECIATION FOR...

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Accounting

LYCRO CORP HAD PRETAX ACCOUNTING INCOME OF $1,400 DURING 2010. LYCRO USED ACCELERATED DEPRECIATION FOR TAX PURPOSES ($1,000) AND STRAIGHT-LINE DEPRECIATION FOR FINANCIAL REPORTING PURPOSES ($200). dURING 2010, LYCRO ACCRUED WARRANTY EXPENSES OF $900 AND PAID CAS TO HONOR WARRANTIES OF $500. LYCRO'S TAXABLE INCOME FOR 2010 WOULD BE: A) $200 B) $1,000 C) $1,800 D) $2,600

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