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2 1 point Apple Ltd owns all the share capital of Subsidiary Ltd. On 30 June 2018, Apple Ltd sold an item of plant to Subsidiary Ltd for $72 000. This plant had a carrying amount to Apple Ltd of $24000 and was considered by Subsidiary Ltd to have a further 5-year useful life. The tax rate is 30%. Required What is the amount of adjustment required for the consolidated 'income tax expense' in relation to this plant when preparing the consolidated financial statements at 30 June 2018? (Please provide a numerical value without a sign ($,+ or -) punctuation, or space.) Type your answer... Previous Next