请教各位LEVEL 1 财务报表的两道题！ 财务

lotusanton

第一道The following data are available for acompany’s first year of operations:

Metric	£ thousands
Earnings before tax reported  on the income statement	2,640
Depreciation expense  included in earnings before tax	4,500
Accounting expenses that are  not deductible for tax purposes	2,130
Depreciation expense  deductible for tax purposes in first year of operations	6,340
Corporate tax rate	25%

The company’s end-of-year balance sheetwill
most likely
include (in thousands) a deferred tax:

	liability of £733.
	asset of £73.
	liability of £460.

Correct.

Deferred tax balances result fromtemporary differences between a company’s income as reported for tax purposesand income reported for financial statement purposes. The temporary differencein this case arises from the difference between the depreciation for accountingpurposes and the depreciation for tax purposes. Because of this difference, thecompany would report more income tax expense than would actually be paid intaxes. The difference is a deferred tax liability.

Temporary difference balance  (in thousands) = Depreciation expense for accounting purposes – Depreciation  for tax purposes	£6,340 – £4,500	£1,840
Deferred tax balance (in  thousands) =    Temporary difference  balance × Corporate tax rate	£1,840 × 25%	£460

这里的会计上的税费和税务上的是不是写反了？Depreciation for tax purposes不是6340么？




还有一道A company owns its own office buildingwhich it purchased in 2011 for $1,000,000. The real estate market has beenvolatile in the last few years. The company uses the revaluation model asallowed by IFRS and the following table shows the fair market values since2011:

Year	Year-End    Fair Market Value    ($ thousands)
2011	1,000
2012	600
2013	800
2014	1,300

The impact (in $ thousands) on the income statement in2014 will most likely be a gain of:

	300.
	200.
	500.

Incorrect.

The revaluation model per IFRS allows theasset to be carried at fair value. If the revaluation decreases the value, asit does here from 2011 to 2012, then later increases the value to the extentthat the losses are reversed, it is recognized in profit and loss, so from $800to $1,000 = $200.

Any increase in excess of the reversal willbe recorded directly in equity in a revaluation surplus account and not on theincome statement: $1,300 – $1,000 = $300.

这个重估价值应该如何理解呢？

谢谢各位了！！