Question: The question provided in the attachment below is my query On 1 July 2017, Bright Star Ltd was incorporated. The accounting profit and other relevant

The question provided in the attachment below is my query

The question provided in the attachment below is
On 1 July 2017, Bright Star Ltd was incorporated. The accounting profit and other relevant information of Bright Star for the three years to 2019 are as follows: 2019 2018 - - Warranty paid 750 u a u Tax depreciation - machinery 90 000 Gain on sale of machinery for tax Provision for warranty - carrying amount 1500 000 Provision for warranty tax base Machinery carrying amount 180 000 240 00 Machinery - tax base 120 000 210 00 a The company tax rate is 30%. Required (3) Calculate the current and deferred tax of Bright Star Ltd for each year, 2013 and 2019 (4 marks) (I!) Prepare the required tax journal entries for each year

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