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NEW QUESTION: 1
On 1 January 20X7 GH purchased plant and equipment at a cost of $400,000. The temporary differences in respect of this plant and equipment at 31 December 20X7 and 20X8 have been calculated as follows:
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Which of the following is the correct impact in GH's statement of financial position at 31 December 20X8 in respect of deferred tax?
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B. Increase in the deferred tax liability.
C. Decrease in the deferred tax asset.
D. Decrease in the deferred tax liability.
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