A consumer electronics company was formed to develop cell

Last updated: 2/11/2024

A consumer electronics company was formed to develop cell phones that run on or are recharged by fuel cells The company purchased a warehouse and converted it into a manufacturing plant for 9 000 000 It completed installation c assembly equipment worth 1 500 000 on December 31st The plant began operation on January 1st The company ha a gross income of 9 000 000 for the calendar year Manufacturing costs and all operating expenses excluding the capital expenditures were 2 380 000 The depreciation expenses for capital expenditures amounted to 449 000 The corporate tax rate is 21 a Compute the taxable income of this company The taxable income of this company is Round to the nearest dollar