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Time left O The CFO of Tuna Ltd has asked you to calculate the taxable income and prepare journal entries at 30th June 2022. Use

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Time left O The CFO of Tuna Ltd has asked you to calculate the taxable income and prepare journal entries at 30th June 2022. Use the information below in your calculation. Accounting Profit/ (Loss) before tax 90,000 Entertainment 10,000 Amortisation expense 10,000 Long service leave expense. 5,000 Depreciation Plant 6,000 Annual leave expense 8,000 Depreciation for tax - Plant** 12,000 Long service leave paid . ** 10,000 Annual leave paid ** 15,000 Note These items ** are deductible for tax purposes Calculate (1) current tax liability for Tuna Ltd (6 marks) (2) Prepare the journal entry to show this. (1 mark O Search

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