The following information was extracted from the Statement of Financial Position of Winter Ltd for the year ended 30 June 2021:

Assets	$	$
Account receivable	50,000
Allowance for doubtful debts	(4,000)	46,000
Property, plant and equipment	200,000
Accumulated depreciation Property, plant and equipment	(50,000)	150,000

Additional information:

The accumulated depreciation for tax purposes at 30 June 2021 was $150,000.

Required:

Calculate the deferred tax implication (deferred tax asset or deferred tax liability) for each of the above items, in accordance with AASB 112 Income Taxes. Assume a tax rate of 30%.

ANSWER HERE:

Carrying Amount

Tax Base

Taxable Temporary Difference

Deductible Temporary Difference

Account Receivable

Property Plant & Equipment

100 000

Deferred tax asset

Deferred tax liabilities