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CalculationIntermediateVariant — group VG.IAS12.000004Published

Question · Tax base of assets and liabilities

The Ostrivane training centre collected 60,000 in December for courses to be held next year; the revenue is recognised as a liability. Tax law (case data) taxes these amounts when received. Compute the tax base of the revenue received in advance and the gap with its carrying amount.

Revenue received in advance (carrying amount)
60,000
Your answer

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