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Hi Mike.
Tax Base of Mixted net assets was 166m,Book value was 162m and Fair value of Net assets was 176 ( 14 m relates to PPE remaining life of 7 year) Tax rate is 30% so D.T is 3m .But at end of year excess dep is 2m but why BPP reduce D.T by 0.4m (3/7) ? and why ACCA website decrease D.T liability by 0.6m (2m *30%).
Difference in Tax base and Fair value was not solely due to access of PPE
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