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Question 2: A piece of machinery cost $9,000. Tax depreciation to date has amounted to $4,000 and depreciation charged in the financial statements to date
Question 2: A piece of machinery cost $9,000. Tax depreciation to date has amounted to $4,000 and depreciation charged in the financial statements to date is $2,500. The rate of income tax is 30%. Requirement What is the deferred tax liability in relation to this asset?
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
