solve this (Total: 13 marks) The manager of Pilbara Ltd...
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(Total: 13 marks) The manager of Pilbara Ltd provides the following information and asks your help to prepare the Current Tax and Deferred Tax Worksheet for the items listed below. The accounting profit before tax of Pilbara Ltd for the year ended 30 June 2021 was $900,000. It included the following revenue and expense items: ACCOUNTS $ Royalty revenue (non-taxable exempt income) 10,000 Interest revenue 15,000 Depreciation plant 75,000 Additional information: itional information: 1) The tax depreciation for plant (which cost $750,000, purchased on 1 July 2017) is 25%. For accounting purposes, depreciation is at 10% per annum. No residual value applies. Pilbara Ltd has $30,000 tax losses carried forward from the previous year. A deferred tax asset was recognized for these losses. 2) 3) During the year, interest of $20,000 was received in cash. Pilbara Ltd had recognized an interest receivable asset of $8,000 on 1 July 2020
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