Manu Corp. is a Canadian public corporation that carries on manufacturing and distribution operations in British Columbia.

Question:

Manu Corp. is a Canadian public that carries on manufacturing and operations in British Columbia. Manu Corp.’s taxable income for the current year is $900,000.
The shows that the cost of all depreciable property owned by Manu Corp. at the end of the year is $1,100,000. Of this amount, $800,000 is used in the manufacturing business. The income statement shows income from the manufacturing operations of $300,000, income from the wholesaling operations of $500,000 and investment income of $100,000.
The total payroll for the year is $2,200,000, of which $1,000,000 is paid to employees directly involved in manufacturing activities. Income tax reference: ITA 125.1; Reg. 5200, 5201, 5202.
Determine the federal manufacturing and processing deduction for the current year. Balance Sheet
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