After revaluation (the group's accounting policy, case data), the office building occupied by the Vantorel group's head office has a carrying amount of 2,400,000; the legislation ignores the revaluation and its tax base, after tax depreciation, is 1,650,000. The group intends to occupy the building indefinitely. With an expected rate of 28%, compute the temporary difference and the deferred tax liability.
- Revalued carrying amount
- 2,400,000
- Tax base
- 1,650,000
- Expected rate (%)
- 28 %