Big Ltd has Accounts Receivable of $60 000 and a provision for doubtful debts of $12 000. 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 amount amount differences differences Deferred tax liability Deferred tax asset 1 A- B 1 !!! Carrying Future Future Tax base Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset Big Ltd has a goodwill asset for $10 000. 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 amount amount differences differences Deferred tax liability Deferred tax asset 7 A B I III ! Carrying Future Future amount taxable deductible amount amount Tax base Taxable Deductible temporary temporary differences differences Deferred tax liability Deferred tax asset Big Ltd accrued $15 000 for employees' long service leave by the end of the current year. This item will not be tax deductible until it is 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 Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset 7 A B 1 * Carrying Future Future amount taxable deductible amount amount Tax base Taxable Deductible temporary temporary differences differences Deferred tax liability Deferred tax asset Big Ltd has a loan receivable of $250 000. 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 amount amount differences differences Deferred tax liability Deferred tax asset 7 A B 1 III 8 ! Carrying amount Future Future Tax base Taxable Deductible taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset Big Ltd has a machine which cost $300 000 and has been depreciated by $100 000 to date. The accumulated depreciation for tax purposes is $180 000 and 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 amount amount differences differences Deferred tax liability Deferred tax asset 7 A B 1 Carrying Future Future amount taxable deductible amount amount Tax base Taxable Deductible temporary temporary differences differences Deferred tax liability Deferred tax asset 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 Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset 7 A B I ! Carrying Future Future amount taxable deductible amount amount Tax base Taxable Deductible temporary temporary differences differences Deferred tax liability Deferred tax asset Big Ltd had a customer pay it $16,000 for services which, by the end of the current financial year, Big Ltd has not yet performed. 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 amount amount differences differences Deferred tax liability Deferred tax asset 7 A B I * # Carrying Future Future Tax base Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences 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 amount amount differences differences Deferred tax liability Deferred tax asset 1 A B 1 III ! Carrying Future Future Tax base Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset Big Ltd has Accounts Receivable of $60 000 and a provision for doubtful debts of $12 000. 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 amount amount differences differences Deferred tax liability Deferred tax asset 1 A- B 1 !!! Carrying Future Future Tax base Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset Big Ltd has a goodwill asset for $10 000. 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 amount amount differences differences Deferred tax liability Deferred tax asset 7 A B I III ! Carrying Future Future amount taxable deductible amount amount Tax base Taxable Deductible temporary temporary differences differences Deferred tax liability Deferred tax asset Big Ltd accrued $15 000 for employees' long service leave by the end of the current year. This item will not be tax deductible until it is 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 Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset 7 A B 1 * Carrying Future Future amount taxable deductible amount amount Tax base Taxable Deductible temporary temporary differences differences Deferred tax liability Deferred tax asset Big Ltd has a loan receivable of $250 000. 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 amount amount differences differences Deferred tax liability Deferred tax asset 7 A B 1 III 8 ! Carrying amount Future Future Tax base Taxable Deductible taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset Big Ltd has a machine which cost $300 000 and has been depreciated by $100 000 to date. The accumulated depreciation for tax purposes is $180 000 and 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 amount amount differences differences Deferred tax liability Deferred tax asset 7 A B 1 Carrying Future Future amount taxable deductible amount amount Tax base Taxable Deductible temporary temporary differences differences Deferred tax liability Deferred tax asset 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 Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset 7 A B I ! Carrying Future Future amount taxable deductible amount amount Tax base Taxable Deductible temporary temporary differences differences Deferred tax liability Deferred tax asset Big Ltd had a customer pay it $16,000 for services which, by the end of the current financial year, Big Ltd has not yet performed. 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 amount amount differences differences Deferred tax liability Deferred tax asset 7 A B I * # Carrying Future Future Tax base Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences 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 amount amount differences differences Deferred tax liability Deferred tax asset 1 A B 1 III ! Carrying Future Future Tax base Taxable Deductible amount taxable deductible temporary temporary amount amount differences differences Deferred tax liability Deferred tax asset