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Purple Ltd purchased a depreciable asset for $900,000 on 1 July 2014. For...

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Accounting

Purple Ltd purchased a depreciable asset for $900,000 on 1 July 2014.
For accounting purposes, it is estimated to have a useful life of 8 years with no residual value. For taxation purposes, the useful life is 6 years with no residual value. The asset is depreciated on a straight-line basis for both accounting and tax purposes.
Tax rate is 30%.
What is the adjustment required in the deferred tax liability account for the year ended 30 June 2020 and 30 June 2021 respectively in accordance with the requirements of AASB112 Income Taxes? q,
$11,250;$11,250
$11,250;$33,750
$11,250;($33,750)
$11,250;($11,250)
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