12.5 Calculation of deferred tax LO5 The following information was extracted from the records of Gin Gin Ltd for the vear ended 30 June 2021 GIN GIN LTD Statement of financial position (extract) as at 30 June 2021 Assets Accounts receivable Allowance for doubtful debts Machines Accumulated depreciation - machines Liabilities Interest payable $ 25 000 (2000) 100000 (25 000) $23000 75 000 1 000 Additional information The accumulated tax depreciation for machines at 30 June 2021 was $50 000 . The tax rate is 30%