Plant was purchased for R20 000 on 2 Jan 2021. Equipment was purchased for R25 000 on

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Plant was purchased for R20 000 on 2 Jan 2021.

Equipment was purchased for R25 000 on 2 January 2022.

Land was purchased for R200 000 on 2 January 2016

Land is not depreciated and allowed by SARS

Depreciation W&T

Plant 10% 20%

Equipment 20% 30%

2. Interest receivable on 31 December 2021 is R5 000

3. Dividend of R 2500 is receivable from wholly owned subsidiary at 31 December 2022

Calculate:

The deferred tax for the year ended 31 December 2021 and 2022

CARRYING AMOUNT

TAX BASE

TEMPORARY DIFF

DTA/DTL

Related Book For answer-question

Financial Accounting and Reporting

ISBN: 978-0273744443

14th Edition

Authors: Barry Elliott, Jamie Elliott

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Posted Date: Nov 01, 2023 04:51 AM

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Plant was purchased for R20 000 on 2 Jan 2021. Equipment was purchased for R25 000 on

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To calculate the deferred tax for the year ended 31 December 2021 and 2022 we need to determine the ... View the full answer

Financial Accounting and Reporting

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