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1. When carrying amount of an asset is greater than its tax base, then deductible temporary difference arises.
2. Taxable temporary differences result in a deferred tax asset and deductible temporary differences result in a deferred tax liability.
3. When carrying amount of an asset is lower than its tax base, then taxable temporary difference arises.
4. Taxable temporary differences result in a deferred tax liability and deductible temporary differences result in a deferred tax asset.
agree with answers4 >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
answer no.4----------------------------------
ans4===========================
4. Taxable temporary differences result in a deferred tax liability and deductible temporary differences result in a deferred tax asset.
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Answer4 Is True - Thanks ..........
1. When carrying amount of an asset is greater than its tax base, then deductible temporary difference arises.
4. Taxable temporary differences result in a deferred tax liability and deductible temporary differences result in a deferred tax asset.
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