Dravelin has taxable differences identified by origin: 200,000 arising from accelerated tax depreciation (profit or loss) and 100,000 arising from a revaluation recognised in OCI. The rate falls from 30% to 25%; the differences are unchanged. Compute the decrease in the liability recognised in profit or loss and the decrease recognised in OCI.
- Differences arising in profit or loss
- 200,000
- Differences arising in OCI
- 100,000
- Previous rate (%)
- 30 %
- New rate (%)
- 25 %