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Equipment was purchased 4 years ago for $300,000. Depreciation is calculated 15% and 25% straight-line for accounting purposes and tax purposes respectively. Calculate the Carrying

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Equipment was purchased 4 years ago for $300,000. Depreciation is calculated 15% and 25% straight-line for accounting purposes and tax purposes respectively. Calculate the Carrying Amount Tax Base and TTD/DTD for this situation. With reference to your calculations in Question 1, explain why there is a difference between the Carrying Amount and the Tax Base? What effect does the TTD/DTD have on next year's income tax payable

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