Reference no: EM132472578

Question 1. As attached, On year end 30/06/2019, tax worksheet may include what information, andwhat could be the tax journal entries?

Question 2. And what about deferred tax worksheet and the journals?

Question 3. The company should CONSIDE what factors have considered before recognising a deferred tax asset with the tax loss?

DaJen Ltd prepared a draft statement of profit and loss (P/L) for the year ended 30 June 2019 which showed a profit before tax of $24 420. The P/L included the following items of income and expense:

Government grant (exempt from tax)	5	000
Proceeds on sale of plant	23	000
Bad debts expense	8	100
Depreciation expense - plant	14	000
Insurance expense	12	900
Long-service leave expense	14	500
Impairment of goodwill	11	100
Carrying amount of plant sold	20	000

Attachment:- deffered tax.rar