Deferred tax - different tax rates
On Dec 31, 01, a building of entity E has a carrying amount of CU 100 according to IFRS and a carrying amount of CU 80 for tax purposes. A tax rate of 25% would apply if the asset were sold. Otherwise, the applicable tax rate would be 30%.
Required
Determine the carrying amount of the deferred tax liability in E"s financial statements as at Dec 31, 01.