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1. What is the rationale for recognising deferred tax assets and deferred tax liabilities? (2 marks) 2. Should deferred tax assets and deferred tax liabilities

1. What is the rationale for recognising deferred tax assets and deferred tax liabilities? (2 marks)

2. Should deferred tax assets and deferred tax liabilities be offset? Explain why or why not. (2 marks)

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