Deferred Tax

This topic has 1 reply, 2 voices, and was last updated 1 year ago by Stephen Widberg.

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May 2, 2024 at 8:55 pm #704854
adarsh1997
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Hello,

What’s the double entry for DT that arises on FV of net assets of the sub?

Thanks
May 4, 2024 at 10:29 am #704928
Stephen Widberg
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Assume upward revaluation of land of 100. Tax rate 30%

Fair value adjustment

Dr PPE Cr Goodwill 100

DT

Dr Goodwill Cr DT liability 30

Great question 🙂
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