How is deferred tax asset treated in balance sheet?

1.	How is deferred tax asset treated in balance sheet?
Answer» Items on a COMPANY's balance sheet that may be used to reduce taxable income in the future are called deferred tax assets. ... Therefore, overpayment is CONSIDERED an ASSET to the company. A deferred tax asset is the opposite of a deferred tax liability, which can increase the AMOUNT of income tax owed by a company.

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How is deferred tax asset treated in balance sheet?​

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How is deferred tax asset treated in balance sheet?