. At 30 June 2017 the statement of Financial Position of Timing Limited included a deferred tax...

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At 30 June 2017 the statement of Financial Position of Timing Limited included a deferred tax liability amounting to a credit balance R11 152. The deferred tax relates to the only item of equipment owned by the company. The following information is relevant: Year ended 30 June 2019 2018 R R Profit before taxation 252 000 282 000 40 000 48 000 Wear and tear allowance 50 000 Depreciation 48 000 At 30 June 2017 the statement of Financial Position of Timing Limited included a deferred tax liability amounting to a credit balance R11 152. The deferred tax relates to the only item of equipment owned by the company. The following information is relevant: Year ended 30 June 2019 2018 R R Profit before taxation 252 000 282 000 40 000 48 000 Wear and tear allowance 50 000 Depreciation 48 000