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• 18. Pretax Income is another name for what? • 19. Plant and Equipment - Accumulated Depreciation = just vocab, thanks in advance
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  • #18
    Pretax Income is also known as Net Income before income taxes.
    This is because the income tax expense has not been deducted from this amount. It is income ‘before’ income taxes have been deducted.
  • #19
    Plant & Equipment – Accumulated Depreciation = Book Value of Plant & equipment.
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