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the written down value of an asset on 31.12.09(reporting date) is $ 5 billion
it’s recoverable amount is $3.8 billion on 31.12.09
tax base of the asset is $ 4.2 bilion on 31.12.09
tax rate is 30% on 31.12.09
thus how will be the impairment loss and deffered tax treated in accounts- Topics: 0
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The impairment is $1.2m (5-3.8) Dr IS Cr Asset
The DT on this is $0.36 ( 1.2 * 30%) so Dr DT liability Cr Tax on ISWhat do others think?
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