Solution-Find the deferred tax amount in the first year is

Find the deferred tax amount in the first year is equal to

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Reference no: EM132584868

Question 1: Venus Ltd has acquired machinery worth of Rs. 1000 million. The company provides 10% depreciation under straight-line-method of depreciation for preparing Income Statement. For computing tax, it provides 15% depreciation under Written-down-value (WDV) method. If tax rate is 30%, the deferred tax amount in the first year is equal to:

A. Rs. 15 million

B. Rs. 45 million

C. Rs. 50 million

D. Rs. 30 million

Reference no: EM132584868

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Find the deferred tax amount in the first year is equal to

Reference no: EM132584868

Reference no: EM132584868

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