At 31 December 20X5, Cortessa has deductible temporary differences of 600,000. Its taxable differences, with the same authority and entity, that will reverse in the same periods amount to 250,000. No other source of taxable profit is probable (case assumption). Tax rate: 25%. Compute the deferred tax asset recognised and the uncovered deductible difference.
- Deductible temporary differences
- 600,000
- Taxable differences of the same entity and period
- 250,000
- Tax rate (%)
- 25 %