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Deferred Tax

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Deferred Tax

Viewing 7 posts - 1 through 7 (of 7 total)
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  • October 18, 2015 at 10:05 am #276960
    carinarodd
    Member
    • Topics: 3
    • Replies: 1
    • ☆

    Hi Mike,

    In the lecture notes for the deferred tax chapter, example 2, I don’t understand how the tax written down value is calculated in working 1? I thought that per the question, the TWDV would be 75% of the carrying value of the asset?

    Thanks,
    Carina

    October 18, 2015 at 12:25 pm #276978
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23200
    • ☆☆☆☆☆

    The tax written down value is cost less capital allowances to date so, at the end of the first year, TWDV is 75% of the cost = $112,500

    TWDV is not 75% of the carrying value – the taxman ignores depreciation and its affect on carrying values

    OK?

    October 25, 2015 at 5:37 pm #278890
    rmnalihus
    Member
    • Topics: 0
    • Replies: 1
    • ☆

    Are there any lectures available for the deferred tax chapter (26)?

    October 25, 2015 at 6:00 pm #278893
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23200
    • ☆☆☆☆☆

    Hi

    It so rarely comes up as a question in its own right that it was one of the topics that had to be sacrificed in the course (that only lasts one week)

    October 29, 2015 at 2:34 pm #279532
    carwan
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    hi dear,
    is there any lectures for IAS 12 on open tution, i can not find that . would you mind please guide me, or sent me a link.
    thanks.

    October 29, 2015 at 2:36 pm #279533
    carwan
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    Hi dear, I m also confused about that

    October 29, 2015 at 6:05 pm #279582
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23200
    • ☆☆☆☆☆

    Hi, if there are lectures available, they’re up on the site.

    There isn’t one for deferred tax – it’s a rare visitor to P2 except at the F7 level

    In fact, I can only definitely remember 1 question and have a vague memory of another in the past “n” years

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