A machine has a carrying amount of 100. For tax purposes, depreciation of 30 has already been deducted from taxable profit in prior periods and an amount of 70 will be deductible in future periods, either as depreciation or through a deduction on disposal. Revenue generated by using the machine is taxable, any gain on disposal of the machine will be taxable and any loss on disposal will be deductible for tax purposes. What is the tax base of the machine? a. 100 b. 70 c. 30 d. 0

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