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A mineral royalty and an income tax apply to a mine. Which of the following statements is accurate: the allowable deductions for calculating each

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A mineral royalty and an income tax apply to a mine. Which of the following statements is accurate: the allowable deductions for calculating each type of tax are determined by the tax rules of the jurisdiction for the tax the non-cash deductions to be used in calculations are the same for the two types of tax financial accounting rules determine the amounts that can be deducted in calculating each type of tax

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