Solution-What is deferred tax balance in respect of the

What is deferred tax balance in respect of the asset

Reference no: EM133024110

Question - LaMarcus Aldridge company has a noncurrent asset which had a carrying amount of 1,800,000 in the balance sheet on December 31, 2016. The tax written down value or tax base of the asset at that date was 900,000. The tax rate is 30%. What is deferred tax balance in respect of the asset on December 31, 2016?

A. 1,250,000 asset

B. 270,000 asset

C. 270,000 liability

D. 1,250,000 liability

Reference no: EM133024110

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What is deferred tax balance in respect of the asset

Reference no: EM133024110

Reference no: EM133024110

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