Question: A deductible temporary difference arises when: I. an asset has a carrying amount less than its tax base. II. a liability has a carrying amount

A deductible temporary difference arises when: I. an asset has a carrying amount less than its tax base. II. a liability has a carrying amount less than its tax base. III. an asset has a carrying amount greater than its tax base IV. a liability has a carrying amount greater than its tax base a. I. and II. only b. I. and IV. only c. II. and III. only d. III. and IV. only

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