Under U.S. GAAP, if a firm writes down inventory for obsolescence, which of the following is created? O A. a deferred tax liability OB. a book basis of liabilities that is less than the tax basis Oci a book basis of assets that is greater than the tax basis O D. a deferred tax asset Violet, Inc. recorded a deferred tax asset of $43,000 due to a book-tax difference in warranty liabilities. Management has assessed that it is more likely than not that the firm will not realize 45% of the deferred tax asset. What is the necessary journal entry to record the valuation allowance? 43,000 43,000 19,350 19,350 O A. Deferred Tax Asset Valuation Allowance for Deferred Tax Asset OB. Income Tax Expense Valuation Allowance for Deferred Tax Asset OC. Deferred Tax Asset Valuation Allowance for Deferred Tax Asset OD. Income Tax Expense Valuation Allowance for Deferred Tax Asset 19,350 19 350 43,000 43.000