Question: Use the following information to calculate the balance in the

Use the following information to calculate the balance in the future income tax account for a machine owned by the entity:
Cost of the machine when it was purchased.......... $5,000,000
Total amount of CCA deducted since the machine was purchased.. 2,305,000
Total amount of depreciation expensed
since the machine was purchased................ 1,787,500
Tax rate......................... 45%


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  • CreatedFebruary 26, 2015
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