Ocher inromotion - Afiet adjusting for difterences between tax ruies and accounting rues, it is determined that the taxable profit of Boling Por Lid is $700000 - There is an alowance for doubtful debts of $10000 - An item ol ptant is purchased at a cost of $600000 on 1 Juy 2022. For accounting purposes it is expected to have a life of fouryears, howevec, for tavation purposes it can be depreciated over three years it is not expected to have any residual value. - Boiling Por Lid has some land, which cost $400000 and which has been revalued to its far value of $600000nn accordance when MSe 116. - None of the amourts acciued in respect of warranty expenses or long-service ledre has actually been pald. - Toe lax rale is 30 per cent