Question
A company purchases a car on 1st July 2012 for $29928. It is depreciated at 20% straight line for financial reporting purposes and 30% straight
A company purchases a car on 1st July 2012 for $29928. It is depreciated at 20% straight line for financial reporting purposes and 30% straight line for tax purposes. The tax rate is 30%. The company has no other temporary differences. By how much is the DTL account credited in the year ended 30th June 2014.
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