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Godfred is a sole trader and has deducted the following items of expenditure in...
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Godfred is a sole trader and has deducted the following items of expenditure in the statement of profit or loss for his most recent accounting period:Depreciation £2,000Legal fees in acquiring a new ten-year lease on his business premises £1,000Entertainment of staff £2,800Entertainment of clients £4,300How much should be added back to Godfred's net profit to arrive at his tax adjusted trading profit?
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