On 30 june 2006 a company had plant whose carrying amount, Ask an Expert

Accounting

On 30 June 2006, a company had plant whose carrying amount was $ 42,000. The original cost was $70,000, and Fair value $50,000.
Required
If the tax rate is 30%, find out the amount of deferred tax and show all necessary Journal entries

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M965588

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