On 1 July 20X0, ABC Company bought an asset for $100,000. The accounting depreciation rate...
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Accounting
On July X ABC Company bought an asset for $ The accounting depreciation rate is on a straight line basis. The tax depreciation rate is on a straightline basis. The income tax rate is Which is correct about the year ending June X
Gives rise to $ deferred tax liability
Gives rise to $ deferred tax asset
Gives rise to $ deferred tax liability
Gives rise to $ deferred tax asset
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