92(9) Information: At the beginning of the nancial year, the opening balance of the prepayment for rent was $10,000. During the financial year, the company prepaid $30,000 for the rent to the landlord. $25,000 rental expense was recognised in the Income Statement of the financial year. For tax purposes, rental expense is deductible when paid. Statement: Therefore, on balance date, the accounting carrying amount of prepayment for rent is $5,000, and the tax base of prepayment for rent is 0. 92m) fnfonnation: A company has recognised $45,000 long-service leave expense during the nancial year. At the beginning of the financial year, the opening balance of the provision for long- service leave was $30,000. At the end of the financial year, the closing balance of the provision for long-service leave was $50,000. For tax purposes, long-service expense is deductible when it is paid. Statement: Therefore, for tax purposes, the deductible amount for long-service leave expense during this financial year is $25,000