Homework Answers
Solution:
Total depreciation as per books up to 30.06.2020 = $320,000*15%*2 = $96,000
Total depreciation as per taxation up to 30.06.2020 = $320,000*20%*2 = $128,000
Taxable temporary difference in equipment upto 30.06.2020 = $128,000 - $96,000 = $32,000
Hence option c is correct.
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