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How much is the current tax expense

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Question: A company makes accounting profits of $16,000 before allowing $2,000 depreciation expense and income tax. The depreciation deduction for the year on non-current assets total $3,500 and the tax rate is 30%. According to AASB 112 Income Taxes, how much is the current tax expense? (assuming that accounting profit is not different from the taxable profit before the depreciation is considered)

Reference no: EM132741835

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