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  3. a limited has an accounting profit before tax of $

A Limited has an accounting profit before tax of $240000. All of the following items...

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Accounting

A Limited has an accounting profit before tax of $240000. All of the following items have been included in the accounting profit: depreciation of equipment $ 30000(tax deductible depreciation is $ 20000); entertainment expenses $45000(non-deductible for tax purposes); long service leave expense provided $ 49000(no employee took long service leave during the year). The tax rate is 30%. The amount of current tax liability is:

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