q3

2 A company has a building that was acquired in 2014 for RM3 million. The building is ented to a third party, thus it is recognized as an investment property since its acquisition. The company chooses to account the asset using the fair value method. At the end of the vear, the fair value of the building is RM28 million, Given a 30% taxx rate and a current vear tax payable of RM80,000, prepare the journal entry to recognize deferred tax. The following information relates to Dewberry Bhd.: (a) EBITDA (earnings before interest, tax, depreciation and amortization) for year ended 31 December 2014 is RM300,000. (b) No interest payable in 2014. (c) No amortization. (d) There is an equipment costing RM100,000 at 1 January 2014. The depreciation rate applied is 10% based on a straight-line method. The equipment has no scrap value. Capital allowance is 25 % on reducing balance basis. (e) Required: Given a 20% tax rate, prepare the journal entry to recognize deferred tax. In 2012, Zilwegee Bhd. bought an equipment for RM10,000 and depreciates it on a straight-line basis over its expected useful life of five years. For tax purposes, the capital allowance of the equipment is given at 25% per annum. The tax rate is 40% each year . The 4 mount of the equipment by using it to manufacture