Lanmark ltd has a building with a carrying amount of $300000 and a tax base of $360000 if the assets were sold immediately (which reflects the effects of indexation for capital gains tax purposes). Assume that tax rate is 30%.

required:

A) what is amount of the temporary difference? B) does the temporary difference give rise to deferred tax asset or deffered tax liability and what is the amount of the deffered tax assest/liability?