Question42 On 30 June 2025, Esther Ltd had an item of plant with an original cost of $100 000 and accumulated depreciation of $40 000. At this date, the fair value of the plant was $75 000 and Esther Ltd revalued the plant to this fair value. The tax rate is 30%.How would the tax effect of the revaluation be recorded in Ester Ltd’s books? [table] Deferred tax asset | Dr | 4 500 | Income tax expense — OCI | Cr | | 4 500 [/table] [table] Income tax expense — OCI | Dr | 4 500 | Deferred tax liability | Cr | | 4 500 [/table] [table] Deferred tax asset | Dr | 4 500 | Current tax liability | Cr | | 4 500 [/table] [table] Income tax expense — OCI | Dr | 4 500 | Current tax liability | Cr | | 4 500 [/table] [table] Income tax expense — P and L | Dr | 4 500 | Deferred tax liability | Cr | | 4 500 [/table] ResetMaximum marks: 1 Flag question undefined单项选择题

A

Deferred tax asset Dr 4 500   Income tax expense — OCI Cr   4 500  

B

Income tax expense — OCI Dr 4 500   Deferred tax liability Cr   4 500  

C

Deferred tax asset Dr 4 500   Current tax liability Cr   4 500  

D

Income tax expense — OCI Dr 4 500   Current tax liability Cr   4 500  

E

Income tax expense — P and L Dr 4 500   Deferred tax liability Cr   4 500  

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