Mr
Net income before tax for the year ended December 31, 2005 was $14,560. Included in this amount was amortization of $15,600. Brassoff Inc.’s taxable income for the year ended December 31, 2005 was $20,000 including a deduction for capital cost allowance of $10,160. Brassoff Inc. is subject to a corporate tax … ................
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