Deferred Tax

Hello again,
Please I want you to take a look at these following statements. I want clarity on the ‘deferred tax amount’.

Julian recognised a deferred tax liability for the year ended 31 dec 20X3 which related solely to accelerated tax depreciation on property plant and equipment @ a rate of 30%. The NBV of plant property and equipment @ that date was $310,000 and the TWDV is $230,000.

The following relates to the year ended 31 Dec, 20X4:
1) @ the year end carrying value of PPE was $460,000 and their TWDV was $270,000. During the year, some items were revalued by $90,000. No items had previously required revaluation. In the tax jurisdiction in which Julian operates revaluations of assets don’t affect the tax base of an asset or taxable profit. Gains due to revaluations are taxable on sale.

2) Julian began development of a new product during the year and capitalised $60,000 in accordance with IAS 38. The expenditure was deducted for tax purpose as it was incurred. None of the expenditure had been amortised by the year end.

3) Julian’s statement of profit and loss showed interest income receivable of $55,000, but only $45,000 of this had been received by year end. Interest income is taxed on a receipts basis.

4) During the year,Julian made provision of $40,000 to cover an obligation to clean up some damage caused by an environmental accident. None of the provision had been used by yrae end. The expenditure will be tax deductible when paid.

The corporate incone tax rate recently enacted for the following year is 30% (unchanged from the previous year)

The current tax charge was calculated for the year as $45,000

Current taqx is settled on a net basis with the national tax authority.

¤¤please I need an explanation on the deferred tax in both statement of profit or loss and statement of financial position.

Thank you