Loubreuil acquired a machine for 480,000, a cost recognised by the tax authorities. At the reporting date, tax law has already allowed it to deduct 192,000 (case data); the carrying amount of the machine is 336,000. Compute the tax base and the difference between carrying amount and tax base.
- Tax cost of the machine
- 480,000
- Tax depreciation already deducted
- 192,000
- Carrying amount
- 336,000