The book basis of depreciable assets for Erwin Co. is 900,000 and the tax basis is 700,000
Question:
The book basis of depreciable assets for Erwin Co. is €900,000 and the tax basis is €700,000 at the end of 2015.
The enacted tax rate is 34% for all periods. Determine the amount of deferred taxes to be reported on the statement of financial position at the end of 2015.
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Related Book For 
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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