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What deferred tax item that be recorded by pineapple ltd

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Reference no: EM132842270

Problem 1: The following information was extracted from the financial records of Pineapple Ltd: equipment purchased on 1 July 2021 for $200,000 (accounting depreciation 10% straight line; tax depreciation 15% straight line). If the company tax rate is 30%, the deferred tax item that will be recorded by Pineapple Ltd at 30 June 2022 is

a. CR Deferred tax liability $30,000

b. DR Deferred tax asset $51,000

c. CR Deferred tax asset $3,000

d. CR Deferred tax liability $3,000

Reference no: EM132842270

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