The following information was extracted from the financial records of Pamakari Limited: Equipment purchased on 1 July 2014 for $100 000 (accounting depreciation 10% straight line tax depreciation 20% straight line). If the company tax rate is 30%, the deferred tax item that will be recorded by Pamakari Limited at 30 June 2015 is:

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The accounting depreciation is $10,000 (10% of $100,000), and the tax depreciation is $20,000 (20% of $100,000). The difference is $10,000, creating a temporary difference. The deferred tax liability is calculated as $10,000 * 30% = $3,000.

The Following Information Was Extracted from the Financial Records of Pamakari