Question

Use the following information to calculate the balance in the future income tax account for a building owned by the entity:
Cost of the machine when it was purchased............ $1,400,000
Total amount of CCA deducted since the machine was purchased... 820,000
Total amount of depreciation
expensed since the machine was purchased.......... 1,150,000
Tax rate......................... 20%




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  • CreatedFebruary 26, 2015
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