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Brown Ltd. began operation in 2020. The results of its first year of operation is as follows: 2020 Pretax accounting income $90,000 Depreciation expense in
Brown Ltd. began operation in 2020. The results of its first year of operation is as follows: 2020 Pretax accounting income $90,000 Depreciation expense in 2020 (Original cost 200,000) CCA claimed n 2020 Warranty costs in 2020 Warranty expense in 2020 Tax rate 20,000 25,000 45,000 30,000 25% Required: Prepare the journal entry to record income tax for 2020. (10 marks) Tables are provided below to assist with your calculations
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