A future taxable amount results when

Select one:

a$.$ the reported value of an asset $($GAAP basis$)$ is greater than the tax basis of an asset.

b$.$ the reported value of a liability $($GAAP basis$)$ is greater than the tax basis of an asset.

c$.$ the reported value of an asset $($GAAP basis$)$ is less than the tax basis of an asset.

d$.$ the reported value of an asset $($GAAP basis$)$ is permanently different from the tax basis of an asset.