Question 2: A piece of machinery cost $9,000. Tax depreciation to date has amounted to $4,000 and depreciation charged i
Posted: Sun May 29, 2022 4:38 pm
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?
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?