ons.pdf- Adobe Acrobat Pro DC Help ACC2001 Tutorial 6.x ACC2001 Lecture 6 2. Prepare the...
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ons.pdf- Adobe Acrobat Pro DC Help ACC2001 Tutorial 6.x ACC2001 Lecture 6 2. Prepare the journal entry(s) to record Payne's income taxes for 2022, assuming it is probable that one-half of the deferred tax asset will ultimately be realized. E 12-5 On January 1, 2019, Ameen Company purchased a building for $36 million. Ameen uses straight Single temporary reporting. At December 31, 2021, the carrying value of the building was $30 million and its tax difference: base was $20 million. At December 31, 2022, the carrying value of the building was $28 million determine and its tax base was $13 million. There were no other temporary differences and no permanent taxable income differences. Pretax accounting income for 2022 was $20 million. deteimme pii Required year defeel line depreciation for financial statement reporting and accelerated depreciation for income tax 1. Prepare the appropriate journal entry to record Ameen's 2022 income taxes. Assume an income tax rate of 20%. 2. What is Ameen's 2022 net income? O LO12-1 4:01 PM ENG 22/10/720
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