Deactivate all lines 11. New model introduction 12. I don't think our tax loss carry-forward is correct. I regret that the calculations do not show on your reports because it would be easier to see the effects. Your parent company's tax bill is based on consolidated income, rather than only the income in the home area.
Taxes paid by subsidiaries constitute a credit to theparent company tax bill.
Current period income is reduced by a tax loss carry-forward, if any, from the previous quarter. The calculation is easy to see when there is a consolidated net loss, as you had in Year 3, Quarter 1. This income, already taxed to the subsidiary, reduces the consolidated loss. This applies both to peso values in Sereno and dollar values in Merica. Equipment depreciation is covered in more detail on pages 111-112 of the BPG Player's Manual.