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Purple Ltd purchased a depreciable asset for $ 9 0 0 , 0 0 0 on 1 July 2 0 1 4 . For accounting
Purple Ltd purchased a depreciable asset for $ on July
For accounting purposes, it is estimated to have a useful life of years with no residual value. For taxation purposes, the useful life is years with no residual value. The asset is depreciated on a straightline basis for both accounting and tax purposes.
Tax rate is
What is the adjustment required in the deferred tax liability account for the year ended June and June respectively in accordance with the requirements of AASB Income Taxes?
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