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D Ltd, a profitable company, purchased a machine on 1 July 2023 at a cost...

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Accounting

D Ltd $,$ a profitable company, purchased a machine on $1$ July $2023$ at a cost of $ $180000 .$ The machine had a useful life of $5$ years and the company adopts the straight $-$ line basis of depreciation. The tax depreciation rate for this type of machine was $13 %$ p $.$ a $.$ The company tax rate is $30 % .$

Prepare the deferred tax entry in relation to the machine on $30$ June $2024 .$

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