alleryStart learning →Tax depreciation Rs 5,50,000, book depreciation Rs 3,00,000, tax 30 percent. Deferred tax liability?
ARs 75,000
BRs 90,000
CRs 1,65,000
DRs 2,55,000
Answer & Solution
Correct answer: A. Rs 75,000
The Rs 2,50,000 excess tax depreciation is a timing difference, and 30 percent of it is Rs 75,000.
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