Posted by: Pdfprep
Post Date: May 5, 2021
Which THREE of the following statements are true?
A . Tax depreciation replaces accounting depreciation when calculating the taxable profit.
B . Tax depreciation increases the taxable profit.
C . Balancing allowances increase the taxable profit.
D . Balancing charges increase the taxable profit.
E . Balancing charges reduce the taxable profit.
F . Balancing allowances reduce the taxable profit.
Answer: A,D,F
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