1. T Limited accrued $10,000 interest revenue in the year ended 30 June 2020. This item will not be taxable until it is received in the following financial year. If the company tax rate is 30%. What is the tax effect adjustment on 30 June 2020?

2. B Limited had the following deferred tax balances at reporting date:

• deferred tax assets $10,000

• deferred tax liabilities $25,000

Effective from the first day of the next financial period, the company rate of income tax was decreased from 25% to 20%. What is the tax effect adjustment to recognise the impact of the tax rate change?