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AN entity acquired plant and equipment for $1 million on 1 st January 20X9. The asset is depreciated at 25% a year on straight-line method
AN entity acquired plant and equipment for $1 million on 1st January 20X9. The asset is depreciated at 25% a year on straight-line method and tax legislation permits to depreciate the assets at 30% a year for tax purpose. Tax rate is 30%.
Calculate any DTL that might arise on the plant and equipment at 31/12/X9.
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