Can someone explain DTA's and DTL's like I am 5? I am doing a modeling course and can't wrap my head around these topics.

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The original post reminded me of Michael from the office talking with Oscar about the surplus

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First, do you understand the concept of a temporary difference bt GAAP and cash taxes? For example, accelerated depreciation reduces what you pay the irs in taxes, but not the taxes on your income statement. yes or no?

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Yes I understand that part

If you do, you should see how DTAs and DTLs get created and then amortized. Are you just confused about how theyre created in an M&A context?

Yeah, for purchase price allocation and for merger models I just don't understand it.

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