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Question No. 04 A. Ceylon Tea PLC acquired a machinery with cost amounted to Rs.800.000, Depreciation rate 25% Capital allowance rate 20% Corporate tax rate

Question No. 04 A. Ceylon Tea PLC acquired a machinery with cost amounted to Rs.800.000, Depreciation rate 25% Capital allowance rate 20% Corporate tax rate is 30% Required: Prepare deferred tax liability or asset account. (07

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