AP 8-15 (Comprehensive Case Covering Chapters 1 to 8) Mr. Arnold Bosch is 41 years old and earns most of his income through carrying on a business as a sole proprietor, Bosch's Better Boats (BBB). For the taxation year ending December 31, 2021, Mr. Bosch's accountant has determined that BBB had accounting income before taxes, determined in accordance with Accounting Standards for Private Enterprises (ASPE), of $196,000. In reconciling his business income for income tax purposes, the following information is relevant: 1. The accounting income figure included a deduction for amortization of $29,000.