For the year ended 30 June 2018, Alexander Ltd recognised a liability revenue received in advance of $18 000. This revenue was assessable in the year ended 30 June 2018.

Required

(a) What is the carrying amount of the liability on 30 June 2018?

(b) What is the tax base of the liability on 30 June 2018?

(c) If the tax rate is 30%, what would be the deferred tax asset or liability associated with this liability on 30 June 2018?

(d) How would your answers to (a), (b) and (c) above be different if the revenue was assessable in the 2018/2019 financial year?