the following information is available for pronghorn corporation for 2024 (its first year of operations)....
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Accounting
The following information is available for Pronghorn Corporation for 2024 (its first year of operations). 1. Excess of tax depreciation over book depreciation, $41,000. This $41,000 difference will reverse equally over the years 20252028. 2. Deferral, for book purposes, of $20,800 of rent received in advance. The rent will be recognized in 2025. 3. Pretax financial income, $328,000. 4. Tax rate for all years, 20%. (a) Compute taxable income for 2024. Taxable income $enter the taxable income in dolla
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