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Please use the deferred tax worksheet and clearly explain calculations. Question 3 Loftus et al (2023) Exercise 13.12 (Partial) Indekk Ltd commences operations on 1

Please use the deferred tax worksheet and clearly explain calculations.

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Question 3 Loftus et al (2023) Exercise 13.12 (Partial) Indekk Ltd commences operations on 1 July 2023. One year later, on 30 June 2024, the following information is available. Additional information - The furniture and fittings c - depreciated on a straight-line basis over 5 years for accounting purposes, but over 3 years for taxation purposes. - The income tax rate is assumed to be 30%. Required: Prepare the deferred tax worksheet for Indekg Ltd and journal entries to adjust deferred tax accounts a 30 June 2024

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