4. Describe the criteria for the fecagnition of DTA's and OTL's and how these balances may reverse over time OTA OTA's relating to DTD are recognised only if © There are gufficient-TTD to use agains! the OTD © If itts probable that the entity will have future taxable profit against which the tax benefit may be offset OTA is recognised if makes the future tax payments smaller OTL ANSB112 assumes that DT's have satisfied the recognition criteria for labiities under paragraph 91 “Its probable that there would be an of resourcesieconomic bene rom the entity to ‘Sette the liability and this amount can be measured faithfully.” DTL's are recognised for all TTD's other than the exception listed under paragraph 16. the carrying amount exceeds the tax base- there would be income tax due in fulure. Why do they reverse? Changes in the carrying amount and tax basesWicoine Tax Exp Deteried Tax Ligbinty ebrhe Tax k Aelgsrecd Taw Liabilty ty