Using the information from BE19.2, assume this is the only difference between Oxford's pretax financial income and
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Oxford SA began operations in 2019 and reported pretax financial income of €225,000 for the year. Oxford's tax depreciation exceeded its book depreciation by €40,000. Oxford's tax rate for 2019 and years thereafter is 30%. In its December 31, 2019, statement of financial position, what amount of deferred tax liability should be reported?
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Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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