ML173, as an accountant, I share the following comments:1. DTL...

ML173, as an accountant, I share the following comments:

1. DTL or DTA (deferred tax asset) is the account created by tax effective accounting.

2. DTL/DTA is booked for the timing difference of taxable items (both income and deductions). A common example for DTL is depreciation. If tax deductible dep'n is higher than accounting dep'n, you have a DTL as you will pay more tax in the future because you claimed more now.

3. Other common examples including provisions for employee entitlements, provision for doubtful debts, prepayments...

3. you don't book a DTL because you revalue your asset and book an ARR (asset revaluation reserve) or DTA for write-down.

Hence DTL shouldn't be adjusted because of the impairment.