Deferred Tax

This topic has 6 replies, 4 voices, and was last updated 10 years ago by MikeLittle.

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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: 23364
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
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- 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: 23364
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: 23364
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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