Included in calculating Joey Ltd's accounting profit before tax of $2,945,364 was bad debts expense...
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Accounting
Included in calculating Joey Ltd's accounting profit before tax of $2,945,364 was bad debts expense of $101,756. The allowance for bad debts had a balance of $32,245 at 30 June 2020 and $38,745 at 30 June 2019.
Calculate the amount of bad debts written off that the company can claim as a tax deduction in the year ended 30 June 2020?
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