Corporate Reporting Case
a) Taxable income
Income
3000000
Doubtful debts
15000
Entertainment expenses
15000
Depreciation
-205000
Goodwill
150000
R&D
150000
Warranty
-15000
Leave expense
-20000
Taxable Income
3090000
Work sheet
Item
Extract from Balance sheet ($)
Tax bases($)
Deductible temporary differences ($)
Taxable temporary differences ($)
Tax expense ($)
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