Reference no: EM132555756

An extract from the draft Statement of Financial Position for Spring Ltd as at 30 June 20X6 is as follows:

30 June 20X6

Assets                                              $

Accounts receivable                     730,000

Allowance for doubtful debts          (7,000)

Interest receivable                        39,000

Prepaid insurance                            20,000

Plant (at cost)                                920,000

Accumulated depreciation for plant        (490,000)

Liabilities

Provision for long service leave                         330,000

Additional information:

The amount of accumulated depreciation of plant for tax purposes is $690,000
The tax rate is 30% per annum.

Required:

Question 1: Write in the box below Spring Ltd's total Taxable Temporary Difference measured at 30 June 20X6.