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Ayayai Corp. purchased depreciable assets costing $500,000 on January 2, 2023. For tax purposes, the company uses CCA in a class that has a 40%

Ayayai Corp. purchased depreciable assets costing $500,000 on January 2, 2023. For tax purposes, the company uses CCA in a class that has a 40% rate. Assume these assets are considered eligible equipment for purposes of the Accelerated Investment Incentive (under the AII, instead of using the half-year rule, companies are allowed a first-year deduction using 1.5 times the standard CCA rate). For financial reporting purposes, the company uses straight-line depreciation over 5 years. The enacted tax rate is 30% for all years. This depreciation difference is the only reversing difference the company has. Assume that Ayayai has income before income tax of $322,000 in each of the years 2023 to 2027.

Determine the amount of taxable income in each year from 2023 to 2027.

2023

2024

2025

2026

2027

Taxable income

$enter a dollar amount

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