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The following information relates to Giznerd Ltd for the year ended 30 June 2015. Accounting profit before Income tax (after all expenses have been included):

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The following information relates to Giznerd Ltd for the year ended 30 June 2015. Accounting profit before Income tax (after all expenses have been included): $700,000 Depreciation of plant (accounting): $175,000 Depreciation of plant (tax) $160,000 Goodwill impairment (not tax deductible) $20,000 Annual leave expense (not a tax deduction until leave is paid): $30,000 Annual leave paid during the year: $25,000 On the basis of this information the taxable profit for Giznerd Itd for the year ended 30 June 2015 is: $710,000 $730,000 $700,000 $740,000

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