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As of June 3 0 , 2 0 2 3 , Alpha Ltd disclosed the following details regarding its assets and liabilities from its balance
As of June Alpha Ltd disclosed the following details regarding its assets and liabilities from its balance sheet:
Assets $:
Computer equipment at purchase price:
Accumulated depreciation:
Accounts receivable:
Allowance for doubtful accounts:
Liabilities:
Warranty cost provision:
Provision for long service leave benefits:
Alpha Ltd depreciates its computer equipment over five years for accounting purposes but over three years for tax purposes, using the straightline depreciation method. No payments were made for long service leave or warranty claims during the fiscal year.
Determine the value of each temporary difference for Alpha Ltd as of June Calculate the carrying amount and tax base, and specify whether each temporary difference is deductible or taxable.
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