The company revalued plant at the beginning of the year from $$340000$ to $$600000.$ The plant is being depreciated at the rate of $10\%$ per year for accounting purposes and $5\%$ per year for tax purposes. The company tax rate is $30\%.$ Prepare the end$-$of$-$period adjustment journal entries for the deferred tax account in relation to the above situation. The company revalued plant at the beginning of the year from $$340000$ to $$600000.$ The plant is being

depreciated at the rate of $10\%$ per year for accounting purposes and $5\%$ per year for tax purposes. The

company tax rate is $30\%.$ Prepare the end$-$of$-$period adjustment journal entries for the deferred tax account in

relation to the above situation.

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Your last answer was interpreted as follows: $Cr$

The variables found in your answer were: $Cr$