Hi, this is question from corporate accounting from a school based in Australia. 1

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At 30 June 2019, Beta Ltd had the subjoined adequate tax balances:Deferred tax amenability$18,000Deferred tax asset15,000Beta Ltd chronicled a improvement precedently tax of $80,000 for the year to 30 June 2020, which intervening thesubjoined items:Depreciation outlay - place$7,000Doubtful debts outlay3,000Long-service concession outlay4,000For taxation purposes the subjoined equalitys are lawful waste for the year to 30 June 2020:Tax slander - place$8,000Bad debts written off2,000Depreciation rates for taxation purposes are conspicuous than for representationing purposes. A oppidan tax rateof 30% applies.Required:a) Determine the taxable allowance and allowance tax payable for the year to 30 June 2020. (2.5 Marks)b) Determine by what equality the balances of the adequate amenability and adequate tax asset willincrease or reduce for the year to 30 June 2020 consequently of slander, questionable debts andlong-service concession. (3 marks)c) Prepare the certain life entries to representation for allowance tax inflated remembrance criteria aresatisfied. (2.5 marks)d) What are the balances of the adequate tax amenability and adequate tax asset at 30 June 2020? (2marks)

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