*****Explain why each choice is correct

Question 14 A difference in depreciation recognized by using accounting standards as compared to that recognized for tax purposes may result in (choose all of the following that are true) Complete 0.50 points out of 1.00 a. differences between accounting profit and taxable income Remove b. differences between the tax base and the carrying amount associated with the depreciated asset flag c. deferred tax assets d. deferred tax liabilities