Question

difference between deferred tax asset and deferred tax liability​

Answer 1

Answer:

refer to the picture given above

Answer 2

Explanation:

It is the opposite of a deferred tax liability, which represents income taxes owed. A deferred tax asset can arise when there are differences in tax rules and accounting rules or when there is a carryover of tax losses. Beginning in 2018, most companies can carryover a deferred tax asset indefinitely