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At 30 June 2017 the statement of Financial Position of Timing Limited included a deferred tax liability amounting to a credit balance R11 152. The deferred tax relates to the only item of equipment owned by the company. The following information is relevant: Year ended 30 June 2019 2018 R R Profit before taxation 252 000 282 000 40 000 48 000 Wear and tear allowance 50 000 Depreciation 48 000