6. Calculate the carrying amount and the tax base of the following assets and liabilities...
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Accounting
Calculate the carrying amount and the tax base of the following assets and liabilities at June using the following table for each part, briefly explain, either showing your workings or providing a written explanation, how you determined the tax base:
Account Carrying amount Taxable amount Deductible amount Tax base
i The closing balance of the Allowance for doubtful debts at July was $ after accruing a further $ and writing off $ as bad debts during the year ended June Accounts receivable at June was $ and the balance at June was $ Prepare the Allowance for doubtful debts T account.
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