The following information relates to Eagle Limited, a manufacturing company:

	2020	2021
Purchase price Plant
On 1 July 2019	250 000
On 1 February 2021		300 000
Depreciation straight-line method	20%	20%
Applicable income tax rate	28%	29%

The South African Revenue Service grants an equal wear-and-tear allowance on the plant over 4 years with no apportionment on a time basis. The change in the income tax rate is effective from 1 July 2020.

REQUIRED:

Prepare the journal entries to account for the deferred tax movements of Eagle Limited for the financial year ending 30 June 2021. (21 marks)