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CalculationIntermediateVariant — group VG.IAS12.000027Published

Question · Reassessment of deferred tax assets

Brisvane carries a deferred tax asset of 180,000. At the reporting date, the closure of a plant reduces expected taxable profits: only an asset of 110,000 remains probably recoverable (case assumption). Compute the reduction and the asset at the reporting date.

Deferred tax asset before review
180,000
Amount whose recovery remains probable
110,000
Your answer

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