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Two companies A and B have the same revenues and expenses and both are subject to taxes at the rate of 30%. The accounting Income
Two companies A and B have the same revenues and expenses and both are subject to taxes at the rate of 30%. The accounting Income Statement for the two companles is as follows: However, assets in the two companies are subject to different Capital Cost Allowance rates amounting to $250,000 for A and 350,000 for B. What are the taxes paid by each of these two companies
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