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  3. a limited acquired an asset 'goodwill' for $40000.

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

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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?

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