This year Rocheblave paid a large part of a termination benefit provided for last year; the payment was deducted from its taxable profit. The deferred tax asset was 25,000 at the start of the year; the remaining deductible difference is only 40,000 at the reporting date, at the expected rate of 25%. Record the change.
- Opening deferred tax asset
- 25,000
- Remaining deductible difference at the reporting date
- 40,000
- Expected rate (%)
- 25 %