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Amigos Ltd has an asset with a carrying value of $60000. The tax base of...

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Accounting

Amigos Ltd has an asset with a carrying value of $60000. The tax base of this asset is $40000. The tax rate is 30%. The deferred tax item to be recognised by Amigos Limited is:
a. Deferred tax liability of $20000
b. Deferred tax asset of $20000
c. Deferred tax liability of $6000
d. Deferred tax asset of $6000
e. None of the above

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