The temporary differences are the differences between the carrying amount of an asset and liability and its tax base. Tax base is the value of an asset or liability for the tax purposes.

Two types of temporary differences can arise i.e.taxable temporary difference and deductible temporary difference.

The taxable temporary difference results in the payment of taxes when the carrying amount of a liability is settled or the carrying amount of an asset is recovered. Taxable temporary differences give rise to deferred tax liabilities. A deferred tax liability arises

If the carrying value of an asset is greater than its tax base OR

If the carrying value of a liability is less than its tax base.

Deductible temporary differences result in amounts being deductible when determining the taxable profit or loss in the future period when assets or liabilities are recovered or settled. Deductible temporary differences give rise to deferred tax assets. A deferred tax assets arises

If the carrying value of an asset is less than its tax base OR

If the carrying value of a liability is greater than its tax base.

What other factors beside what you described would result in a deferred assets or liabilities?

How do we treat Net Operating Losses?

answer both questions, ill give thumbs up