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Account receivable have a gross carrying amount of $250 and allowances for doubtful debts of $50. The related revenue has already been included in taxable
Account receivable have a gross carrying amount of $250 and allowances for doubtful debts of $50. The related revenue has already been included in taxable profit (loss). Doubtful debts will be deductible for tax purposes when the debt is written off.
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Calculate the tax base for accounts receivable.
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