In the deferred tax worksheet, can you explain the concepts of calculating the future deductible amount...

80.2K

Verified Solution

Question

Accounting

In the deferred tax worksheet, can you explain the concepts ofcalculating the future deductible amount of plant/ equipment?
Is it just cost minus the accumulated depreciation of plant/equipment (Tax) ?

Answer & Explanation Solved by verified expert

4.3 Ratings (923 Votes)

Concept of Future Deductible Amount Future Deductible Amount means the amount which will reduce the outflow of tax in future It May be treated as Deferred Tax asset as tax belongs to particular item is already paid as See Answer

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: Flex AI - Your personal assistant for all your inquiries!

Become a Member

In the deferred tax worksheet, can you explain the concepts of calculating the future deductible amount...

80.2K

Verified Solution

Question

Accounting

In the deferred tax worksheet, can you explain the concepts ofcalculating the future deductible amount of plant/ equipment?
Is it just cost minus the accumulated depreciation of plant/equipment (Tax) ?

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Transcribed Image Text

Other questions asked by students

In the deferred tax worksheet, can you explain the concepts of calculating the future deductible amount...

80.2K

Verified Solution

Question

Accounting

In the deferred tax worksheet, can you explain the concepts ofcalculating the future deductible amount of plant/ equipment?Is it just cost minus the accumulated depreciation of plant/equipment (Tax) ?

Answer & Explanation Solved by verified expert

Get Answers to Unlimited Questions

Membership Benefits:

Transcribed Image Text

Other questions asked by students

In the deferred tax worksheet, can you explain the concepts ofcalculating the future deductible amount of plant/ equipment?
Is it just cost minus the accumulated depreciation of plant/equipment (Tax) ?