Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a limited acquired an asset 'goodwill' for $40000.

A Limited acquired an asset 'goodwill' for $40000. At balance date the goodwill had a...

70.2K

Verified Solution

Question

Accounting

A Limited acquired an asset 'goodwill' for $40000. At balance date the goodwill had a carrying value of $80000. The tax base of this asset is zero. If the tax rate is 30%, what is the amount of the deferred tax item at balance date?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

d 4 1 A moving hydrogen atom makes a head on collision with a stationary...

Physics
Q

* If a population of 100,000 microbes was treated with an bactericidal chemical solution for two...

Biology
Q

7 Consider the following two statements a body may have momentum without energy b A...

Physics
Q

10x Find the average rate of change of f from 0 to 3 f x...

Basic Math
Q

Question 1 here are 5 important assumptions associated with sumption identify the most important consequen...

Statistics
Q

4 It is found that Jupiter aligns with Mars 21 of the time whereas the...

Algebra
Q

How is the value 5 calculated b In the diagram below iii Find the gradient...

Algebra
Q

Beginning with the first pay of the year, Carson will make $2,700 each week. In...

Accounting
Q

31 On December 31, 2018, the unadjusted Statement of Financial Position of LAV Partnership shows...

Accounting
Q

PLEASE HELP!!!! ProForm acquired 70 percent of ClipRite on June 30,2020 , for $840,000...

Accounting
Q

Determine the missing amount from each of the separate situations (a), (b), and (c) below....

Accounting
Q

Average Accounts Recelvable, Accounts Recelvable Turnover Ratio, Accounts Receivable Turnover in Days Montalcino Company had...

Accounting