Dear John,
Based on December 2013 Q1 Answer (Appendix 1), the suggested answer showed that we less depreciation before tax, and add back depreciation again subsequently. Would it be ok if we do not less depreciation first and just add the tax allowable depreciation(ie 25% x 125) after calculating the profit after tax. (Assuming that there's no balancing allowance)
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Tax Allowable Depreciation
Yes, it will give the same answer :-)
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