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Sol Limited. reported earnings of $ 5 1 0 , 0 0 0 in 2 0 8 . The company has $ 9 1 ,
Sol Limited. reported earnings of $ in The company has $ of depreciation expense this year, and claimed CCA of $ The tax rate was At the end of there was a $ loss carryforward that was not recorded because use was fonsidered less than probable. The company also reported a deferred tax liability of $ caused by capital assets with a net book value of $ and UCC of $ The tax rate had been in Required: What is the amount of income tax expense in X Tax expense Prepare the income tax entry or entries. tableNoDate,General Joumal,Debit,CreditIncome tax expense,,income tax payable,,Deferred incorne lax asset,,
Sol Limited. reported earnings of $ in The company has $ of depreciation expense this year, and claimed CCA of $ The tax rate was At the end of there was a $ loss carryforward that was not recorded because use was fonsidered less than probable. The company also reported a deferred tax liability of $ caused by capital assets with a net book value of $ and UCC of $ The tax rate had been in
Required:
What is the amount of income tax expense in X
Tax expense
Prepare the income tax entry or entries.
tableNoDate,General Joumal,Debit,CreditIncome tax expense,,income tax payable,,Deferred incorne lax asset,,
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