According to AASB 112,with One Exception,the Tax Base of a Liability

question 14

True/False

According to AASB 112,with one exception,the tax base of a liability is to be determined in the following manner:
Carrying amount - Future deductible amount + Future assessable amount.

---

Definitions:

Hi-Lo Flipper Switch

An electrical switch designed to change between high and low settings, often found in vehicle lighting or industrial machines for operational adjustments.

Slave Valve

Any of a number of types of air or hydraulic actuators.

Master Valve

A primary control valve used to start or stop fluid flow in a system, often used in piping and machinery for operational control.

Electric Shifter Assembly

An electronically controlled mechanism that allows drivers to change gears in a vehicle, typically providing smoother gear transitions.