- This topic has 1 reply, 2 voices, and was last updated 15 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
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
- Replies: 1
- ☆
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?
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.