The realisation of a deferred tax asset is considered probable where:

I	it is probable that there will be sufficient taxable profits arising in future periods against which to utilise the deductions
II	there would be taxable temporary difference arising if unrecognised increases in the fair values of assets were recognised
III	there are sufficient deductible temporary differences relating to the same taxation authority and the same taxable entity that are expected to reverse in the same period to which a tax loss can be carried forward
IV	there are sufficient taxable temporary differences relating to the same taxation authority and the same taxable entity that are expected to reverse in the same period as the deductible temporary differences

Group of answer choices

I, III and IV only

I, II and III only

I, II and IV only

II, III and IV only