I’m trying to come up with some quick, easy rules to remember on identifying DTA/DTL. The trick for me seems to be in the wording of the question and identifying carrying value vs tax base, and I need to make sure that I understand the implication of these different wording possibilities. Are these correct? DTL/DTAs DTL When: Tax Base or Tax Expense > Tax Carrying Value or Taxes Payable DTA When: Tax Carrying Value or Taxes Payable > Tax Base or Tax Expense
(Tax Base is taxable income)
(Tax carrying is pretax income)