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How is the useful life of an intangible asset determined? a)What are the main principles of tax effect accounting?(2 marks) b)In relation to tax effect

  1. How is the useful life of an intangible asset determined?

  1. a)What are the main principles of tax effect accounting?(2 marks)

b)In relation to tax effect accounting, what is a deductible temporary difference? Give two examples of deductible temporary differences.(2 marks)

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