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What is the accounting treatment for goodwill that is consistent with AASB 112 Income Taxes?...

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Accounting

What is the accounting treatment for goodwill that is consistent with AASB 112 Income Taxes? The difference between the carrying amount and the tax base results to a deductible temporary difference. Treated as a deductible expense in the year of recognition. Treated as a non-deductible expense in the year of recognition and subsequent periods. The difference between the carrying amount and the tax base results to a taxable temporary difference.

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