The same information as in Question 12.6 applies to this question plus the following: the book value
Question:
The same information as in Question 12.6 applies to this question plus the following:
the book value of the tangible fixed asset is 180 in the financial statements on 31 December 20X2; and the tax value is 60 on 31 December 20X2. Which of the following now applies?
(a) The balance of deferred tax at 31 December 20X2 is unchanged from that of 31 December 20X1.
(b) The balance of deferred tax at 31 December 20X2 should be reduced by 8 from that of 31 December 20X1.
(c) The balance of deferred tax at 31 December 20X2 should be increased by 8 from 31 December 20X1.
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Related Book For 
Financial Accounting An International Introduction
ISBN: 9780273685203
2nd Edition
Authors: David Alexander
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