For the year ended Decen I +31,2020, Indigo Ltd, reportod income before income taxes of $90,000. deductible for tak purposesi 1020 The company pald $76,000in. 120 for membership in a local goif club \{which was not deductible for tax purposes) Meal and entertainment expensest W llod $23,000 in 2020 , on ly haif of which were deductible for income tax purposes. Depreciation expense for 2020 was \$10,000. Capital Cost Alowance iCCA) claimed for the year was $234,000 Indigo was subject to a 20% intomo tax. lefor 2020 . Indigo follows iFRS. At January 1, 2020. Indigo Lta. had no balance in deferred tax accounts. For the year ended Decen I +31,2020, Indigo Ltd, reportod income before income taxes of $90,000. deductible for tak purposesi 1020 The company pald $76,000in. 120 for membership in a local goif club \{which was not deductible for tax purposes) Meal and entertainment expensest W llod $23,000 in 2020 , on ly haif of which were deductible for income tax purposes. Depreciation expense for 2020 was \$10,000. Capital Cost Alowance iCCA) claimed for the year was $234,000 Indigo was subject to a 20% intomo tax. lefor 2020 . Indigo follows iFRS. At January 1, 2020. Indigo Lta. had no balance in deferred tax accounts