微信扫一扫
实时资讯全掌握
| C9- 2.
A company purchased a machine on 1 January 20X1 for $500,000. On 31 December 20X8 the machine was re-valued to $600,000. In the tax regime in which the company operates revaluations do not affect either the tax base of the asset or taxable profits. (Revaluation surplus balance is $100,000) Income tax rate is 25%. Required Show the deferred tax effect of the revaluation |