Question: Based on the information provided below, what is the current tax charge that would be recognised in the statement of profit or loss? $'000 Tax
Based on the information provided below, what is the current tax charge that would be recognised in the statement of profit or loss? $'000 Tax base Provision for bad debt Original artwork Interest payable System software Area of tax impact P&L OCI P&L OCI Carrying amount 2,000 9,000 550 38,000 0 3,500 0 30,000 Temporary Deferred difference tax @ 40% (2.000) (800) 5,500 2,200 550 220 8,000 3,200 4,820 Current tax estimate for 2020 Deferred tax liability a/c at start of the year $7.568 million $0 a. $12.39 million b. $6,99 million C. $6.77 million d. 36.79 million
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