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Find what deferred tax item to be recorded by borneo ltd

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Reference no: EM132706415

On 1 July 2019, Borneo Ltd purchased a motor vehicle for $100,000. The depreciation for accounting and tax purposes are calculated based on 5 years and 4 years respectively.

Problem 1: Assuming a tax rate of 30%, what be the deferred tax item to be recorded by Borneo Ltd for the year ended 30 June 2020?

Reference no: EM132706415

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