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Jancary 1.2022, is expected to revorse in equat amounts over the four vear period from 2024 to 2027. 2. Dividends received froct taxable Canadian corporations
Jancary 1.2022, is expected to revorse in equat amounts over the four vear period from 2024 to 2027. 2. Dividends received froct taxable Canadian corporations were $14,000 penalty far late incene tax instalments. The interest penalty is not dedoctible for incoine tax purposes at ary time these assets reduced the CCA class; in other wordk, no gain or loss is reported for taxporposes. is sold and the lass is actually realized, The imvestment was accounted for at anortured cost. 5. The tax rates are 30% for 2023 and 25% for 2024 and subsequent vears. These rates have beca enacted and known for the past two years. Calculate the balance in the Deferred Tax Asset or Deferred Tax Llabality account at December 31, 2022. Deferredta: eTextbook and Media List of Accounts (b) The parts of this question must be completed in order. This part wili be available when you complete the part above
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