21. Is there an effect between new and old assets? a. Yes, there will be an intergenerational distribution of the tax, modifying its relative value. b. Nope. 22. Regarding deferred tax assets: a. They are a type of asset created by taxation that has important consequences for companies and the economy. For example, the asymmetric treatment of profits and losses can change the value of these assets. Think of the important effects it has had on the financial system (especially the European one) and the Basel III regulations. b. This type of asset will cause companies to have a higher TIEMe and unequally. c. The previous two are correct. 23. Tick the correct one: a. Tax systems usually provide for a beneficial treatment of own funds (with deductions from the opportunity cost of capital or the deduction of dividends), which is why the development of activities with a strong base in research or innovation is encouraged ( which are more risky). b. Tax systems usually provide for a beneficial treatment of debt (whose interest is totally or partially deductible, depending on the country considered), which is why investment in assets that are more easily financed by debt is encouraged, such as: buildings and/or structures, which can be used for many purposes and are easier to use as collateral for loans, intensifying the effect of credit expansions or bubbles. c. None of the above is correct.