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Testbank, Question 15 The following information was extracted from the financial records of Pineapple Limited: Equipment purchased on 1 July 2018 for $200 000 (accounting

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Testbank, Question 15 The following information was extracted from the financial records of Pineapple Limited: Equipment purchased on 1 July 2018 for $200 000 (accounting depreciation 10% straight line; tax depreciation 15% straight line). If the company tax rate is 30%, the deferred tax item that will be recorded by Pineapple Limited at 30 June 2019 is: CR Deferred tax asset $3000. DR Deferred tax asset $3000. CR Deferred tax liability $3000. DR Deferred tax liability $3000

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