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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 $690,000The 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.
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