Explain and what is the calculation of the following. Medicare Levy Surcharge Total Tax Liability Net tax liability(total tax liability less any applicable tax offset if any)

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A: ANSWER Here in this question Matubig corporation is a holder of franchise from government in the…

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A: Depletion is a non-cash expense which is recorded in the books to reduce the cost value of assets.

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A: As per IAS 16, Property, plant and equipment The cost of property plant and equipment consists of…

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A: calculation of above requirement with all necessary working are as follows

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A: The net income before tax can be computed from net income after tax using rate of income tax.

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A: Hi student Since there are multiple questions, we will answer only first question.

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A: The answer has been mentioned below.

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A:

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