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Oriole Enterprises Ltd . , a private company following ASPE earned accounting income before taxes of $ 1 , 7 2 8 , 0 0

Oriole Enterprises Ltd., a private company following ASPE earned accounting income before taxes of $1,728,000 for the year ended
December 31,2023.
During 2023, Oriole paid $205,000 for meals and entertainment expenses.
In 2020, Oriole's tax accountant made a mistake when preparing the company's income tax return. In 2023, Oriole paid $21,000 in
penalties related to this error. These penalties were not deductible for tax purposes.
Oriole owned a warehouse building for which it had no current use, so the company chose to use the building as a rental property. At
the beginning of 2023, Oriole rented the building to SPK Inc. for two years at $260,000 per year. SPK paid the entire two years' rent in
advance.
Oriole used the straight-line depreciation method for accounting purposes and recorded depreciation expense of $398,000. For tax
purposes, Oriole claimed the maximum capital cost allowance of $623,000.
Oriole began to sell its products with a two-year warranty against manufacturing defects in 2023 to match a warranty introduced by
its main competitor. In 2023, Oriole accrued $582,000 of warranty expenses: actual expenditures for 2023 were $278,000 with the
remaining $304,000 anticipated in 2024.
In 2023, Oriole was subject to a 35% income tax rate. During the year, the federal government announced that tax rates would be
decreased to 33% for all future years beginning January 1,2024.
(a)
Your Answer
Calculate the amount of any permanent differences for 2023.
Permanent differences $
(b)
6 Your answer is incorrect.
Calculate the amount of any temporary differences for 2023.
Temporary differences
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