Solution-How much is deferred tax assets and deferred tax

How much is deferred tax assets and deferred tax liabilities

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Reference no: EM133016919

Question - The following relates to Myar Ltd's carrying amounts and tax base as at 30 June 2020. Assume a Tax rate of 30%.

Accounts Carrying amount Tax base Assets

Trade receivables (net) 51,000 53,000

PPE (net) 100,000 65,000

Goodwill 20,000 20,000

How much is deferred tax assets and deferred tax liabilities as at 30 June 2020?

DTA $10,500; DTL $600

DTA $600; DTL $10,500

DTA $35,000; DTL 2,000

DTA $2,000; DTL $35,000

None of these

Reference no: EM133016919

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How much is deferred tax assets and deferred tax liabilities

Reference no: EM133016919

Reference no: EM133016919

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