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Big Ltd has a prepaid insurance asset for $5 000. The company tax rate is 30%. Using the following worksheet format, determine the deferred tax
Big Ltd has a prepaid insurance asset for $5 000. The company tax rate is 30%. Using the following worksheet format, determine the deferred tax asset or deferred tax liability relating to this item. Carrying Future Future Tax base amount taxable deductible Taxable Deductible temporary temporary differences differences amount amount Deferred tax liability Deferred tax asset Big Ltd has a product warranty liability valued at $12 000. The product warranty costs are not tax deductible until paid out to customers. The company tax rate is 30%. Using the following worksheet format, determine the deferred tax asset or deferred tax liability relating to this item. Carrying Future Future Tax base Taxable Deductible amount taxable deductible temporary temporary differences differences amount amount Deferred tax liability Deferred tax asset Big Ltd has Accounts Receivable of $40 000 and a provision for doubtful debts of $6 000. The company tax rate is 30%. Using the following worksheet format, determine the deferred tax asset or deferred tax liability relating to this item. Carrying Future Future Tax base Taxable Deductible amount taxable deductible temporary temporary differences differences amount amount Deferred tax liability Deferred tax asset Bild accrued 515 000 for employees' long service leave by the end of the current year. This item will not be tax deductible untis paid in approximately 5 years' time. The company tax rate is 30%. Using the following worksheet format, determine the deferred tax asset or deferred tax liability relating to this item Carrying Future Future Tax base amount taxable deductible Taxable Deductible temporary temporary differences differences amount amount Deferred tax liability Deferred tax asset
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