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What is Devi taxable income in the current income year

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Reference no: EM133051498

Question - Devi Pty Ltd is a resident private company. It provided the following information in relation to the current income tax year:

$ Accounting net profit 800,000

Details of amounts included in the accounting net profit:

Accounting depreciation 90,000

Profit on disposal of capital assets 150,000

Provision for long service leave 160,000

Provision for doubtful debts 60,000

Details of amounts not included in the accounting net profit:

Net capital gain 80,000

Depreciation for taxation purposes 120,000

Bad debts written off 30,000

Required - What is Devi's taxable income in the current income year?

Reference no: EM133051498

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