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On 1 November 2023, the company rate of income tax was changed from 35% to 30%. At the previous reporting date (30 June 2023) Angus

On 1 November 2023, the company rate of income tax was changed from 35% to 30%. At the previous reporting date (30 June 2023) Angus Limited had the following tax balances:
Deferred tax assets $23,000
Deferred tax liabilities $45,000
What is the effect of the tax rate change on income tax expense?

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