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On 30 June 2014,Walters Limited Had an Item of Plant

Question 26

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On 30 June 2014,Walters Limited had an item of plant with an original cost of $140 000 and accumulated depreciation of $56 000.At this date,the fair value of the plant was $100 000 and Walters Limited revalued the plant.Assuming a tax rate of 30%,the tax effect of the revaluation would be recorded as which of the following?


A) On 30 June 2014,Walters Limited had an item of plant with an original cost of $140 000 and accumulated depreciation of $56 000.At this date,the fair value of the plant was $100 000 and Walters Limited revalued the plant.Assuming a tax rate of 30%,the tax effect of the revaluation would be recorded as which of the following? A) B) C) D)
B) On 30 June 2014,Walters Limited had an item of plant with an original cost of $140 000 and accumulated depreciation of $56 000.At this date,the fair value of the plant was $100 000 and Walters Limited revalued the plant.Assuming a tax rate of 30%,the tax effect of the revaluation would be recorded as which of the following? A) B) C) D)
C) On 30 June 2014,Walters Limited had an item of plant with an original cost of $140 000 and accumulated depreciation of $56 000.At this date,the fair value of the plant was $100 000 and Walters Limited revalued the plant.Assuming a tax rate of 30%,the tax effect of the revaluation would be recorded as which of the following? A) B) C) D)
D) On 30 June 2014,Walters Limited had an item of plant with an original cost of $140 000 and accumulated depreciation of $56 000.At this date,the fair value of the plant was $100 000 and Walters Limited revalued the plant.Assuming a tax rate of 30%,the tax effect of the revaluation would be recorded as which of the following? A) B) C) D)

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