What is the difference between a firms financial accounting asset basis and its tax asset basis? How

Question:

What is the difference between a firm’s financial accounting asset basis and its tax asset basis? How would you quantify such a difference? Be sure to mention specific accounts in the and techniques.
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...