Post by rakhifizry33 on May 16, 2024 5:27:30 GMT
Deferred when accounting profit is greater than tax profit negative correction This can happen if the carrying value of the asset is greater than the tax base indicating that the carrying value of the asset recognized by the company is greater than the value recognized by tax. The amount of income subject to tax in the future will exceed the amount of tax imposed now. This means that the current value of assets or costs that can be deducted for fiscal purposes is smaller than in the future.
Also read PSAK Complete Discussion of Statements Paraguay Phone Number of Financial Accounting Standards Case Example of Implementing PSAK PSAK The entity Tenant agrees to lease the building for five years. Annual rental payments of IDR are payable at the end of each year. Before the rental commencement date the Lessee makes a rental payment of IDR advance rental payment and pays an initial direct fee of IDR . The interest rate implicit in the lease cannot be determined. The tenants incremental borrowing rate is per year.
At the commencement date by applying PSAK Leases the Lessee recognizes a rental liability of Rp. measured at the present value of five rental payments of Rp. discounted at an interest rate of per year. The lessee measures the rightofuse asset leased asset at Rp. which consists of the initial measurement of the lease liability Rp. advance rental payments Rp. and initial direct costs Rp. . Taxation Law Tax laws allow tax deductions for lease payments including those made before the commencement date and initial direct costs when an entity makes such payments.
Also read PSAK Complete Discussion of Statements Paraguay Phone Number of Financial Accounting Standards Case Example of Implementing PSAK PSAK The entity Tenant agrees to lease the building for five years. Annual rental payments of IDR are payable at the end of each year. Before the rental commencement date the Lessee makes a rental payment of IDR advance rental payment and pays an initial direct fee of IDR . The interest rate implicit in the lease cannot be determined. The tenants incremental borrowing rate is per year.
At the commencement date by applying PSAK Leases the Lessee recognizes a rental liability of Rp. measured at the present value of five rental payments of Rp. discounted at an interest rate of per year. The lessee measures the rightofuse asset leased asset at Rp. which consists of the initial measurement of the lease liability Rp. advance rental payments Rp. and initial direct costs Rp. . Taxation Law Tax laws allow tax deductions for lease payments including those made before the commencement date and initial direct costs when an entity makes such payments.