Hastrane, whose temporary differences all arise from items in profit or loss, has taxable differences of 500,000 at the start of the year and 620,000 at the reporting date, and deductible differences of 150,000 and 130,000. The rate, unchanged, is 25%; the deferred tax assets are recoverable. Compute the deferred tax expense for the year.
- Opening taxable differences
- 500,000
- Closing taxable differences
- 620,000
- Opening deductible differences
- 150,000
- Closing deductible differences
- 130,000
- Rate (%)
- 25 %