a) Calculate the temporary difference

b) Explain wheather the deferred tax liability / asset should be recognized

ABC Ltd has a tax loss of $2,000 which can be carried forward for five years. The estimated cumulative taxable profits for the next five years are $1,200. It is estimated that $800 of tax losses will expired unused. The tax rate is 20%. Required Calculate temporary difference, and explain whether a deferred tax liability / asset should be recognized