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Geisler Corp.provided you with the following information for the year ending December 31,2017: Net Income before taxes: $150,000
Depreciation (included in above) $90,000
CCA$250,000
The net book value of the capital assets was $1,100,000,and their UCC was $900,000 on January 1,2017.
A temporary difference of $200,000 is reflected in an accumulated deferred income tax liability (DTL) balance of $90,000 at January 1,2017.
There were no permanent differences.
Taxable income in the three-year carry back period was $400,000.Tax losses are carried back as far as allowable by law.
A tax rate of 45% applies to the current and previous years.
Based on the above information,what is Geisler's tax recovery for 2017?
Glycine
The smallest of the 20 standard amino acids and a key component in the biosynthesis of proteins.
Nucleotide Sequence
A nucleotide sequence is the precise linear order of nucleotides within a DNA or RNA molecule, determining genetic information.
Amino Acid
Organic compounds that serve as the building blocks of proteins, containing both amino and carboxylic acid functional groups.
Codon
A sequence of three nucleotides in mRNA that specifies the addition of a specific amino acid or the release of a polypeptide chain during protein synthesis.
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