Question 2: A piece of machinery cost $9,000. Tax depreciation to date has amounted to $4,000 and depreciation charged i

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Question 2: A piece of machinery cost $9,000. Tax depreciation to date has amounted to $4,000 and depreciation charged i

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Question 2: A piece of machinery cost $9,000. Tax depreciation
to date has amounted to $4,000 and depreciation charged in the
financial statements to date is $2,500. The rate of income tax is
30%. Requirement What is the deferred tax liability in relation to
this asset?
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