In 2009 goodwill construction company purchased 130000, Ask an Expert

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In 2009, goodwill construction company purchased $130,000 worth of construction equipment. Goodwills's taxable income for 2006 without considering the new construction equipmemt would have been $400,000. The new equipment falls into the MACRS 5 yr class. assume the applicable income tax rate is 34%.

what is the company's 2009 taxable income?

how much income tax will goodwill pay?

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Category:- Basic Finance
Reference No.:- M9877607

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