Page 450 - F2 Integrated Workbook STUDENT 2019
P. 450
Chapter 19
Chapter 9
Example 9.1
Answer = Deferred tax liability of 485k
Carrying Tax Temporary Deferred tax
amount Base difference liability/asset
$000 $000 $000
Property, plant and 21,025 15,300 5,725 liability
equipment
Financial assets 867 850 17 liability
Accruals (1,020) 0 (1,020) asset
Provision (18,870) (16,575) (2,295) asset
–––––––
2,427
–––––––
Tax rate 20%
Net deferred tax liability at year end 485
442
