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Question 11 ( 12 points) Monroe Ltd commences operations on 1 July 2022 and presents its first statement of profit or loss and other comprehensive

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Question 11 ( 12 points) Monroe Ltd commences operations on 1 July 2022 and presents its first statement of profit or loss and other comprehensive income and the first statement of financial position on 30 June 2023. Monroe Ltd's profit before tax for the year ended 30 June 2023 was 300,000 The following information is available: Other information: None of the long-service leave expense has actually been paid. It is not deductible until it is actually paid. The machinery is depreciated over five years for accounting purposes, but over three years for taxation purposes. The tax rate is 30 per cent. Type workings below: Type workings below

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