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Bramble Corporation follows IFRS, Prion to 2022, the accounting income and taxable income for Bramble were the same On January 1, 2022, the company purchased

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Bramble Corporation follows IFRS, Prion to 2022, the accounting income and taxable income for Bramble were the same On January 1, 2022, the company purchased equipment at a cost of $1,242,000. For accounting purposes, the equigment was to be depreciated over six years using the straight-line method and no residual value. For income tax purposes, the equipment was subject to a CCA rate of 30% and was eligible for the Accelerated investment incentive (1.5 times the CCA rate applies for 2022). Bramble's income before? tax for accounting purposes for 2023 was $12,800,000. The company was subject to a 200 income tax rate for all applicable years and anticipated profitable years for the foresecable future. (a) Calculate the amount of the temporary difference for equipment and net change in deferred taxassetiliability. Net change in deferred tax asset/liability $ Bramble Corporation follows IFRS. Prior to 2022, the accounting income and takable income for Bramble were the same. On January 1. 2022, the company purchased equipment at a cost of $1,242,000. For accounting purposes, the equipment was to be depreciated over six years using the straight-line method and no residual value. For income tax purposes, the equipment was subject to a CCA rate of 3098 and was eligible for the Accelerated Investment Incentive (1.5 times the CCA rate applies for 2022). Bramble's income before tax for accounting purposes for 2023 was $12,800,000. The company was subject to a 202 income tak rate for all agplicable years and anticipated prohtable years for the foreseeable future. (a) Calculate the amount of the temporary difference for equipment and net change in deferred tax asset/liability. Net change in deferred tax asset/liability

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