Jorvelle deducted for tax purposes, when incurred, development costs capitalised in the accounts (tax data of the case). In 20X6, their amortisation in the accounts reduces the taxable difference by 50,000; the rate is 25%. Record the deferred tax entry for 20X6.
- Reversal of the taxable difference in 20X6
- 50,000
- Rate (%)
- 25 %