Answer:
taxable income 44,000,000
Explanation:
Beginning tax basis of the equipment: 20,000,000
ending tax bais of the equipment 12,000,000
depreciation for tax purposes: 8,000,000
<u>accounting depreciation:</u>
beginning value 30,000,000
ending value 28,000,000
book depreciation 2,000,000
<u>Difference in depreciations:</u>
8,000,000 - 2,000,000 = 6,000,000
income 50.000.000
less 6,000,000 temporary difference
taxable income 44,000,000
