Woody Corp. had taxable income of $7,825 in the current year. The amount of MACRS depreciation was $2,850, while the amount of depreciation reported in the income statement was $750. Assuming no other

Woody Corp. had taxable income of $7,825 in the current year. The amount of MACRS depreciation was $2,850, while the amount of depreciation reported in the income statement was $750. Assuming no other differences between tax and accounting income, Woody's pretax accounting income was:

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Woody Corp. had taxable income of $7,825 in the current year. The amount of MACRS depreciation was $2,850, while the amount of depreciation reported in the income statement was …

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