A company capitalised development costs of N$ 320 000 during the year. An amount of N$ 50 000 was recognised as an amortisation expense . Assume the tax authorities will allow the capitalised costs to be written off over a period of 4 years as a tax allowance. What is the deferred tax to be recognised assuming a 28% tax rate ?,
Among the items reported on John Corporation’s income statement for the year ended December 31, 2020 are the following: Dividend income N$10,000 Penalties and related interest: N$18,000. How much are the temporary differences for measuring deferred taxes,The journal entry that you would process to account for the current income tax estimate for the current year is, Provide the journal entry to account for the payment of the outstanding income tax balance as at 1 September 2019
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