Under AASB 112,where the carrying amount of an asset is less than the amount that is economically recoverable,the deferred tax asset should be adjusted.

Name: Under AASB 112,where the carrying amount of an asset is less than the amount that is economically recoverable,the deferred tax asset should be adjusted.
Brand: Quizplus
Rating: 4.8 (61 reviews)

Question

Quizplus · Accepted Answer

Under AASB 112, a deferred tax asset is adjusted based on the amount of taxable profit expected in the future, not directly on the recoverable amount of an asset.

Under AASB 112,where the Carrying Amount of an Asset Is