[rakesh99]

Dear Mr.Mike,

Helping a friend post this question..maybe I can get idea on his question too

Jonquil Co buys equipment for $50,000 on 1 January 20X1 and depreciates it on a straight-line basis over
its expected useful life of five years. It has no other non-current assets.
For tax purposes, the equipment is depreciated at 25% per annum on a straight-line basis.
Accounting profit before tax for the years 20X1 to 20X5 is $20,000 per annum.
The tax rate is 40%.
Required:
Show the calculations of current and deferred tax for the years 20X1 to 20X5

[rakesh99]

Hi is it possible to download the notes in one pdf document ,instead of downloading for separate topic individually.

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