An entity is preparing its financial statements for the year ended 31 December 20X1. At 31 December 20X0 it reported a deferred tax liability of $120. The carrying amount of its tangible non current assets is $1,800 at 31 December 20X1 and their tax base is $1,200. The rate of tax is 30%. What is the deferred tax charge or credit included in profit or loss for the year ended 31 December 20X1?

Please select the right answer

. Charge of $60

Credit of $60

Charge of $180

Credit of $180

An entity is preparing its financial statements for the year ended 31 December 20x1. At 31 December 20x0 it reported a deferred tax liability of $120. The carrying amount of its tangible non current assets is $1,800 at 31 December 201 and their tax base is $1,200. The rate of tax is 30%. What is the deferred tax charge or credit included in profit or loss for the year ended 31 December 201 ? Fleave weict the right anwwec Charge of 560 Credt of 560 Charge of $160 Credt of $100