Calculate the value of deferred tax assets/liabilities.

The company has an intangible asset worth $120.000. The tax accounting has a strict regulation on amortisation and requires that it is amortised on a straight line over 3 year period. For financial reporting purposes the company uses the following amortisation scheme. Terminal value of the asset is

0. The tax rate of 25% applies.

	Financial Reporting
	Y1	Y2	Y3
Opening	120	60	50
Depreciation	60	10	50
Ending	60	50	0