['d!' The company is Entitled to claim a tax deduction of 175% for development ext````` To live Tightly ^ Expenditure ." The company has adopted the accounting policy of capitalizing a^ ^`" fling``} Tive EXPECTIdiLUTE OVER FIVE YEARS . ( E ) Revenue for the year included - Non - taxable income* FIZGOOD [T] lixpenses brought to account included : Depreciation - buildings Depreciation - plant TOOOD Impairment _ goodwill ( non -deductible !) 20 000 Amortization - development Expenditure* ( El Accumulated depreciation on pant for tax purposes way ElBlood on 30 June*^ ^ ^i'll ^ 307 JUNE 2014. Thi ) Bad debts of FI AODD were written off during the year , and warranty repairs !` Ti` while`^ ^``` WERE Carried out There was no tax deduction for long-SERVICE leave in the CUTIE*\\ `| [ I] Buildings are depreciated in the accounting records but no deduction is allowed ` like willgo`` Required 1 . Prepare the journal Entry to account for the change in the income tax rate in Get`li`!` 2. Prepare the worksheets and journal Entries to calculate and record the current lax*{ain't till All^ Ill` Tents in deferred tax assets and liabilities in accordance with IAs I], For the year ^lil``!` `in^ ^