If able can you show how you got your answer? The following information is avail

Question

If able can you show how you got your answer? The following information is available for Remmers Corporation for 2012.

1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $125,200. This difference will reverse in equal amounts of $31,300 over the years 2013 If able can you show how you got your answer? The following information is available for Remmers Corporation for 2012.

1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $125,200. This difference will reverse in equal amounts of $31,300 over the years 2013 If able can you show how you got your answer? The following information is available for Remmers Corporation for 2012.

1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $125,200. This difference will reverse in equal amounts of $31,300 over the years 2013 If able can you show how you got your answer? The following information is available for Remmers Corporation for 2012.

1. Depreciation reported on the tax return exceeded depreciation reported on the income statement by $125,200. This difference will reverse in equal amounts of $31,300 over the years 2013 If able can you show how you got your answer? The following information is available for Remmers Corporation for 2012. Compute taxable income for 2012.

Explanation / Answer

Taxable Income for Remmers Corporation for 2012. Income under the head house property Rental income 67200 Income under the head other sources Interest received on municipal bonds Exempt Gross total income 67200 Tax rate 40% 26880 Add : Deferred tax (working note) 32865 Total tax 59745

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