The deferred tax expense is the a. increase in balance of deferred tax asset minus the increase in balance of deferred tax b. increase in balance of deferred tax liability minus the increase in balance of deferred asset c. increase in balance of deferred tax asset plus the increase in balance of deferred tax liability d. decrease in balance of deferred tax asset minus the increase in balance of deferred tax A temporary difference arises when revenue item is reported for tax purposes in a period A lessee containing a bargain purchase option should depreciate the leased asset over the a. life of the asset or the term of the lease, whichever is shorter. b. term of the lease. c asset's remaining economic life. d of the asset or the term of the lease, whichever is longer