Listed below are items that are treated differently for accounting purposes than they are for tax purposes. Indicate whether the items are permanent differences or temporary differences. For temporary differences, indicate whether they will create deferred tax assets or deferred tax liabilities. 1. Investments accounted for by the equity method (ignore dividends received deduction). Advance rental receipts. 2. 7. Installment sales. 8. Excess tax depreciation over accounting depreciation. 9. Long-term construction contracts.