GH, an entity operating in Country X, purchased plant and equipment on 1 April 2019 for R260,000. GH claimed first year allowances and thereafter annual writing down allowances. GH depreciates plant and equipment over 6 years, using the straight line method, assuming a 10% residual value. Required:

(i) Define the meaning of the tax base of an asset and its significance for deferred tax.

(ii) Calculate the amount of the deferred tax provision that GH should include in its statement of financial position as at 31 March 2021 in respect of this plant and equipment.