Ebled ssenger_media/?thread_id=100001850204963.attachment_id Question 17 (10 points) Saved The accounting profit before tax of John Ltd (John) for the year ended 30 June 2019 was $200 000 after charging all expenses and recognising all items of revenue. The carrying amounts in the books of John of those assets and liabilities relevant to income taxes were as follows: 2018 2019 200 000 130.000 170 000 Equipment Accumulated depreciation Carrying amount Goodwill less allowance for impairment) Unearned Insurance premiums 190 000 160 000 54 000 62 000 In preparing the tax return of the company, the accountant included the following item. Depreciation on equipment $50 000 Reductions in goodwill are not deductible for tax purposes. The company's effective tax rate was 30 per cent. Assume that the recognition criteria was satisfied. Required Prepare journal entrylles) to recognise the tax consequence of these transactions in accordance with AASB 112. Show workings and calculations. . 54 Ebled ssenger_media/?thread_id=100001850204963.attachment_id Question 17 (10 points) Saved The accounting profit before tax of John Ltd (John) for the year ended 30 June 2019 was $200 000 after charging all expenses and recognising all items of revenue. The carrying amounts in the books of John of those assets and liabilities relevant to income taxes were as follows: 2018 2019 200 000 130.000 170 000 Equipment Accumulated depreciation Carrying amount Goodwill less allowance for impairment) Unearned Insurance premiums 190 000 160 000 54 000 62 000 In preparing the tax return of the company, the accountant included the following item. Depreciation on equipment $50 000 Reductions in goodwill are not deductible for tax purposes. The company's effective tax rate was 30 per cent. Assume that the recognition criteria was satisfied. Required Prepare journal entrylles) to recognise the tax consequence of these transactions in accordance with AASB 112. Show workings and calculations. . 54