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Determine the VBs taxable income

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Reference no: EM132871747

Problem - VB Corporation reported a net loss of $50,000 for accounting purposes. Items included in the loss are golf dues amounting to $3,000, meals and entertainment totalling $10,000, CCA of $10,000, depreciation of $5,000, warranty expenses of $8,000 and warranty expenditures of $6,000. Determine the VB's taxable income?

Reference no: EM132871747

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