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Thanks for the effort.
Ref. IAS 12 INCOME TAXES, EXAMPLE 2 — Up to the point of DT, everything is totally clear for me. I’m just wondering:
1-Why is Tax Value = 0? (Only guess is because 100% tax all’nce was claimed and so asset written down to 0? Not sure here)
2-Could an amount of DT other than 50 be released in later years 05, 06 etc? In other words, why 50 specifically?Thanks again!
I thought two years was specified – maybe it was specified as 50% allowance / depreciation
Could you please elaborate on question 2? Written above by crye. I am also wondering why 50 was released in second year and then in third.
By the way I am preparing for session june 2015, please tell me if lectures on your site for f7 are up to date so far.Thanks for reply in advance
As I stated in my response to crye, am I not correct that the question specified the life of the asset or the rate of depreciation?
As for the lectures, they are substantially up to date. Where there have been changes since the recordings were made, the course notes cover the new topics but, sadly, without lectures
Ok?
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