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can i have answer for this question please thanks Ashleigh Lid's accounting profit for the year ended 30 June 2022 was $150,000, and included the
can i have answer for this question please thanks
Ashleigh Lid's accounting profit for the year ended 30 June 2022 was $150,000, and included the following items: Gurct muynrrusur morudes: - Ashleigh Ltd: owns Plant that cost $200,000 which the ATO allows depreciation at 25% (for accounting at 10% ) - Ashileigh Lid. owns Fumiture that cost $10,000 which for tax purposes has already been fully depreciated - No employee has been paid LSL in the current year - The corpotate tax rale for Ashleigh Ltd is 30% Required: a) Calculate the taxable incomelloss for Ashleigh Ltd for the year ended 30 June 2022 ( 7 marks) b) Prepare the joumal entry for current tax. (2 marks) Step by Step Solution
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