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Kalam Ltd. purchased a building in January 2018 for 500,000. For tax purposes, depreciation is of 2% per year using the straight-line depreciation method. Depreciation
Kalam Ltd. purchased a building in January 2018 for 500,000. For tax purposes, depreciation is of 2% per year using the straight-line depreciation method. Depreciation for accounting purposes is 5% using the straight-line depreciation method. The tax rate is 40%. According to IAS 12 - 'Income Taxes', what should be the deferred tax balance at 31 December 2020
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