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What is deferred tax asset and liability with example

03/10/2021 Client: muhammad11 Deadline: 2 Day

Why do deferred tax assets or deferred tax liabilities arise? Explain your answer with suitable example. The reason for the deferred tax assets and liabilities have been explained with suitable example. Explain The concepts of temporary difference, taxable temporary difference, deductible temporary differences have been linked to DTA and DTL.

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