CT Computer Corporation,a cash basis taxpayer,sells service contracts on the computers it sells.At the beginning of January of this year,CT Corporation sold contracts with service to begin immediately: 
The amount of income CT Corporation must report for this year is
Definitions:
Net Investment
Net Investment refers to the total amount spent on purchasing new capital assets minus the proceeds from the sale of old or obsolete assets.
Depreciation
The gradual decrease in the economic value of the capital stock of a firm, country, or other entity, either through physical wear and tear or obsolescence.
Control
In the context of management or economics, it refers to the ability to direct the behavior of a system or the decisions within an organization to achieve desired outcomes.
Annual Interest Rate
The annual interest rate is the percentage of interest that is charged or earned on an investment or loan over a one-year period.
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