solved : I understand that in order for a deferred tax asset to be…
I understand that in order for a deferred tax asset to be…I understand that in order for a deferred tax asset to be recognised for the carry forward of unused tax losses and unused tax credits it must be probable that the entity will have a future taxable profit. However, it didn’t realise there was a time limit for the entity to have a taxable profit- that the unused tax losses or unused tax credits expire. Does anyone know when this expiry occurs? Or is it a case by case basis?Accounting Business Financial Accounting ACCT 210
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