LO.2 Indicate whether the following temporary differences produce deferred tax assets or deferred tax liabilities (considered independently).

a. Book depreciation in excess of tax depreciation.

b. Tax depreciation in excess of book depreciation.

c. Increase in the allowance for doubtful accounts.

d. Increase in the reserve for warranty settlements.

e. Foreign tax credits that are not allowed in the current year because of the FTC limitation.

f. A current-year NOL.