Study RoomHi all, doing FR prep and always trip up on the deferred tax provision on a reval'd asset. In the exam, is it just the reval surplus x tax rate straight to OCI, and do we bother with the subsequent depreciation timing difference aswell or is that overkill for the time? QB question 3 in chapter 12 of Kaplan does both but feels like a lot of work for 2 marks. Cheers.
Deferred tax on revaluation of PPE in FR, how many marks is this usually
Asked by Danny R. · 2h ago
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