The following information applies to Carla Vista Corporation, which reports under IFRS. Prior to...
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The following information applies to Carla Vista Corporation, which reports under IFRS. Prior to taxable income and accounting income were identical. Accounting income was $ million in and $ million in On January equipment costing $ million was purchased. It is being depreciated on a straightline basis over eight years for financial reporting purposes, and is a Class asset for tax purposes. Taxexempt interest income of $ was received in The tax rate is for all periods. Taxable income is expected in all future years. Carla Vista had common shares outstanding throughout a Calculate the amount of capital cost allowance and depreciation expense for and and the corresponding carrying amount and undepreciated capital cost of the depreciable assets at the end of and 
The following information applies to Carla Vista Corporation, which reports under IFRS.
Prior to taxable income and accounting income were identical.
Accounting income was $ million in and $ million in
On January equipment costing $ million was purchased. It is being depreciated on a straightline
basis over eight years for financial reporting purposes, and is a Class asset for tax purposes.
Taxexempt interest income of $ was received in
The tax rate is for all periods.
Taxable income is expected in all future years.
Carla Vista had common shares outstanding throughout
a
Calculate the amount of capital cost allowance and depreciation expense for and and the
corresponding carrying amount and undepreciated capital cost of the depreciable assets at the end of and
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