GELI_BDD_REVALUATION TAX EFFECT.xlsx - 1 What is the deferred tax liability on January 1,2013 arising from the revaluation 2010 2013 Equipment cost

GELI_BDD_REVALUATION TAX EFFECT.xlsx - 1 What is the...

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1. What is the deferred tax liability on January 1,2013 arising from the revaluation? 2010 2013 Equipment cost 8,000,000 Equipment revalue Depreciation 3,000,000 Depreciation Carrying amount 5,000,000 Carrying amount Tax rate Deferred tax liability 2. What is the current tax expense for 2013? Accounting pre-tax 10,000,000 Depreciation 1,000,000 Carrying amount 2013 5,000,000 Income subject to tax 9,000,000 Remaining years 5 Tax rate 30% 1000000 Current tax expense 2700000 3. What is the deferred tax liability on December 31,2013 arising from revaluation? 2010 2013 Equipment 8,000,000 Equipment Depreciation 4,000,000 Depreciation Carrying amount 4,000,000 Carrying amount

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