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Determine the deferred tax liability for the first two years

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Reference no: EM132958958

Dover Limited depreciates motor vehicles at 20% per annum on cost. The local tax authority however allows an annual depreciation charge of 25%. The motor vehicles cost $12,000,000. The relevant tax rate is 30%.

Problem 1: Determine the deferred tax liability for the first two years of operation based on the information presented.

Reference no: EM132958958

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