Profit before tax is sh.800000 which includes sh.500000, Ask an Expert

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Profit before tax is sh.800000 which includes sh.500000 grant that is not taxable and sh.20000 of expenses allowable for tax purposes.depreciation for p&l account amount to sh.120000 but was to be replaced by capital allowances of sh.150000.Tax rate for profits is 30%. Calculate the taxable profits.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9439630

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