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Your assistance has been requested by Question (Pty) Ltd in the calculation of their deferred...

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Accounting

Your assistance has been requested by Question (Pty) Ltd in the calculation of their deferred taxation. The year-end for the company is 31 December. The company has asked for your assistance in the preparation of the annual financial statements for the year ending 31 December 2023.
Question (Pty) Ltd has provided you with the following information.
Purchased machinery on 1 January 2021 for R253500 and is depreciated using the straight-line method over 10 years, whilst the tax authority uses a of 20% on straight-line.
Task:
Calculate the deferred tax for 31 December 2021,31 December 2022, and 31 December 2023. The tax rate is 28%.(20 Marks)

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