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41. A company has bought a vehicle for TK10m. Will there be any deferred tax asset or deferred tax liability according to our I.T.O. 1984?
41. A company has bought a vehicle for TK10m. Will there be any deferred tax asset or deferred tax liability according to our I.T.O. 1984? Why? [Hints: answer the question separately for allowable cost TK2.5m and disallowable cost TK7.5m or TK10m-TK2.5m. Assume where necessary]
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