alleryStart learning →Cost Rs. 150, carrying Rs. 100, tax depreciation Rs. 90, rate 25%. Deferred tax liability?
ARs. 15
BRs. 40
CRs. 10
DRs. 25
Answer & Solution
Correct answer: C. Rs. 10
Tax base is 150 - 90 = 60, the taxable difference is 100 - 60 = 40, and 40 at 25% gives Rs. 10.
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