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Moon Ltd. reported the following: Earnings (loss) Depreciation (assets have a cost of $660,000) CCA Non-deductible expenses Tax rate 20x7 (first year of operations) $250,000
Moon Ltd. reported the following: Earnings (loss) Depreciation (assets have a cost of $660,000) CCA Non-deductible expenses Tax rate 20x7 (first year of operations) $250,000 $ 55,000 $110,000 $ 40,000 28% 20x8 $(360, eee) $ 55, eee $ 150, eee $ 20, eee 28% 1. What is the amount of the taxable income or loss in each year? (Negative amounts and deductibl a minus sign. Leave no cells blank be certain to enter"0" wherever required.)
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