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Borrowing costs associated with financing land held for resale have been capitalised. The borrowing costs paid in June 2024 amounted to $50 000 and will

Borrowing costs associated with financing land held for resale have been capitalised. The borrowing costs paid in June 2024 amounted to $50 000 and will be expensed for accounting purposes when the land is sold. Find the tax base and the carrying amount

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