‘Socrative discussion 1; Pre-class AASB112- Income Taxes Questions 4. What is the benefit of having current and defe re tutuck deosions made by e carves ax payable tax payable Net Assets nk loan = $700,009 The TV license is sold for $900,000 and through the sale, tnere was a capital of $800, pital gain fram sale- 30% of 800,000 = Remaining sales proceeds are- 900,000 - 240,00 the remaireng proceeds from the sale are lower than the value of the bank loan, There would be an issue wilh the repayment of the joan, ( due to the capital gains tax which is a Geterred tax payme!