BE17-15. Realizability of Deferred Assets. [Learning Objective 4] Maves, Inc. booked a deferred tax asset of $45,000 resulting from a basis difference in warranty liabilities. Management has assessed that it is more likely than not that the firm will not realize 30% of the deferred tax asset. Provide the necessary journal entries to record the deferred tax asset, and what is the valuation allowance?

BE17-16. Realizability of Deferred Assets, IFRS. [Learning Objective 4] Use the same information as in BE17-15 but now assume that Maves is an IFRS reporter. What is the journal entry to record the deferred tax asset?

Please answer 17-16.