(3 points) Which of the following statements best describes deferred taxes? (A 42) The differences between taxes on depletion and depreciation. The difference caused by changes in tax rates from one year to the next. The difference between tax payments each year and what they owe on April 15th. The difference because of different recognition times between U.S. GAAP and tax income. (3 points) Under the IFRS revaluation method, increases in the net value of PPE are recorded in which of the following accounts? (A 45) O Loss on Change in Fair Value O Unrealized Gain in Fair Value Retained Earnings O Revaluation Surplus