Calculate the amount of deferred tax
On 30 June 2006, a company had plant whose carrying amount was $ 42,000. The original cost was $70,000, and Fair value $50,000.RequiredIf the tax rate is 30%, calculate the amount of deferred tax and show all necessary Journal entries
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On 30 June 2006, a company had plant whose carrying amount was $ 42,000. The original cost was $70,000, and Fair value $50,000.
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