On 30 June 2018, an extract of the statement of financial position prepared for internal purposes, but excluding the effect of income tax, disclosed the following:

Assets	$
Cash	80,000
Inventory	120,000
Accounts receivable	50,000
Allowance for doubtful debts	(8,000)
Machinery	250,000
Accumulated depreciation	(25,000)
Goodwill	10,000
Liabilities
Accounts payable	30,000
Provision for long-service leave	9,000
Entertainment Payable	500

Additional information:

1. The following balances existed at 1 July 2017:

Deferred tax asset $8,000

Deferred tax liability $5,000

There have been no recorded changes to these balances since 1 July 2017.

2. The machinery was acquired on 1 July 2017. Depreciation for accounting purposes was 10% per annum (straight-line method), while 20% per annum (straight-line method) was used for tax purposes.

3. The tax rate is 30%.

Question 1:

The future deductible amount for the machinery as at 30 June 2018 is:

		$25,000
		$225,000
		$200,000
		$250,000

Question 2:

The deferred tax liability and deferred tax asset balances at 30 June 2018 are:

		'deferred tax liability' $10,000 'deferred tax asset' $6,000
		'deferred tax liability' $7,500 'deferred tax asset' $5,100
		'deferred tax liability' $9,000 'deferred tax asset' $7,200
		'deferred tax liability' $5,000 'deferred tax asset' $8,000

Question 3:

The final taxable/deductible temporary differences at 30 June 2018 are:

		taxable temporary difference $5,000 deductible temporary difference $8,000
		taxable temporary difference $35,000 deductible temporary difference $17,000
		taxable temporary difference $7,500 deductible temporary difference $5,100
		taxable temporary difference $25,000 deductible temporary difference $17,000

Question 4:

The adjustments to deferred tax liability and deferred tax asset at 30 June 2018 are:

		deferred tax liability increase $25,000 deferred tax asset increase $17,000
		deferred tax liability decrease $2,500 deferred tax asset increase $2,900
		deferred tax liability increase $3,500 deferred tax asset increase $1,200
		deferred tax liability increase $2,500 deferred tax asset decrease $2,900