on 8 A machine was bought in 2020. Depreciation is recorded during the life of the machinery for accounting purposes and CCA is comited each year for tax purposes. ed 1 out of Required: Which item is correct? n Select one: O a. This item can result in either a deferred tax asset or a deferred tax liability O b. This item can result in only a deferred tax asset but not a deferred tax liability O c. This item can result in only a deferred tax liability but not a deferred tax asset O d. This item cannot result in either a deferred tax asset or a deferred tax liability