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  3. in the deferred tax worksheet, can you explain the

In the deferred tax worksheet, can you explain the concepts of calculating the future deductible amount...

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Accounting

In the deferred tax worksheet, can you explain the concepts ofcalculating the future deductible amount of plant/ equipment?
Is it just cost minus the accumulated depreciation of plant/equipment (Tax) ?

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Concept of Future Deductible Amount Future Deductible Amount means the amount which will reduce the outflow of tax in future It May be treated as Deferred Tax asset as tax belongs to particular item is already paid as    See Answer
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In the deferred tax worksheet, can you explain the concepts ofcalculating the future deductible amount of plant/ equipment?Is it just cost minus the accumulated depreciation of plant/equipment (Tax) ?

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